One year ago, you bought 3,000 shares of Katinka Inc. common stock for $47.55 per...
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| One year ago, you bought 3,000 shares of Katinka Inc. common stock for $47.55 per share using your margin account with a 50% initial margin requirement. Your broker charges 6.9% per year on margin loans. Today, the stock is selling for $52.66 per share. What is your return if you sell all of your shares and pay off your margin loan and interest? Submit your final answer as a percentage rounded to two decimal places (Ex. 0.00%). | |
Master Chegg,
Can you please explain it how you got the answer step by step. If possible using a basic calculator.
like in a way a baby can understand it thank u
Trying to learn it not copy the answer
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