Jane Austen purchased shares with a market price of $50 when the initial margin requirement was 70%. If the price goes to $60, the Jane's rate of return, ignoring dividends and interest is: Select one: O a. 17% O b. O c. 29% 34% O d. 20% O e. 39%

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
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ISBN:9781337117005
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Chapter11: Investment Planning
Section: Chapter Questions
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Jane Austen purchased shares with a market price of $50 when the initial margin requirement was 70%. If the price goes to $60,
the Jane's rate of return, ignoring dividends and interest is:
Select one:
O a. 17%
b. 29%
O c. 34%
O d. 20%
e. 39%
Transcribed Image Text:Jane Austen purchased shares with a market price of $50 when the initial margin requirement was 70%. If the price goes to $60, the Jane's rate of return, ignoring dividends and interest is: Select one: O a. 17% b. 29% O c. 34% O d. 20% e. 39%
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