Emily bought 200 shares of ABC Co. stock for $29.00 per share on 60% margin....
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Accounting
Emily bought 200 shares of ABC Co. stock for $29.00 per share on 60% margin. Assume she holds the stock for one year and that her interest costs will be $80 over the holding period. Ignoring commissions, what is her percentage return (loss) on invested capital if the stock price went down 10%?
A.
minus19%
B.
minus32%
C.
minus16%
D.
minus10%
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