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ABC purchases 124 shares of XYZ company at $31 per share in its margin account. ABC finances part of the purchase by borrowing $1674 al a rate of 11% per year. One year later the price of XYZ shares has changed by 38%. Therefore the return earned by ABC in its marging account is. % (Negative amounts should be indicated by a minus sign. Round your answer to 2 decimal places, e.g. 110.10) Selected Answer: Correct Answer: 24.06 58.83 ±1%

ABC purchases 124 shares of XYZ company at $31 per share in its margin account. ABC finances part of the purchase by borrowing $1674 al a rate of 11% per year. One year later the price of XYZ shares has changed by 38%. Therefore the return earned by ABC in its marging account is. % (Negative amounts should be indicated by a minus sign. Round your answer to 2 decimal places, e.g. 110.10) Selected Answer: Correct Answer: 24.06 58.83 ±1%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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X ABC purchases 124 shares of XYZ company at $31 per share in its margin account. ABC finances part of the purchase by borrowing $1674 al a rate of 11% per year. One year later the price of XYZ shares has changed by 38%. Therefore the return earned by ABC in its marging account is % (Negative amounts should be indicated by a minus sign. Round your answer to 2 decimal places, e.g. 110.10) Selected Answer: Correct Answer. 24.06 58.83 ± 1% 2013 11:40:13 PM CST
Transcribed Image Text:X ABC purchases 124 shares of XYZ company at $31 per share in its margin account. ABC finances part of the purchase by borrowing $1674 al a rate of 11% per year. One year later the price of XYZ shares has changed by 38%. Therefore the return earned by ABC in its marging account is % (Negative amounts should be indicated by a minus sign. Round your answer to 2 decimal places, e.g. 110.10) Selected Answer: Correct Answer. 24.06 58.83 ± 1% 2013 11:40:13 PM CST
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