Lisa Lasher buys 410 shares of stock on margin at $27 per share. If the margin...

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Finance

Lisa Lasher buys 410 shares of stock on margin at $27 per share.If the margin requirement is 50 percent, how much must the stockrise for her to realize a 20-percent return on her invested funds?(Ignore dividends, commissions, and interest on borrowed funds.)Round your answer to the nearest cent.

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Lisa Lasher buys 410 shares of stock on margin at $27 per share.If the margin requirement is 50 percent, how much must the stockrise for her to realize a 20-percent return on her invested funds?(Ignore dividends, commissions, and interest on borrowed funds.)Round your answer to the nearest cent.

Lisa Lasher buys 410 shares of stock on margin at $27 per share. If the margin...

80.2K

Verified Solution

Question

Finance

Lisa Lasher buys 410 shares of stock on margin at $27 per share.If the margin requirement is 50 percent, how much must the stockrise for her to realize a 20-percent return on her invested funds?(Ignore dividends, commissions, and interest on borrowed funds.)Round your answer to the nearest cent.

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