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Marlene Bellamy purchased 400 shares of Writeline Communications stock at $ 56.26 per share using the...

Marlene Bellamy purchased 400 shares of Writeline Communications stock at $ 56.26 per share using the prevailing minimum initial margin requirement of 60 % . She held the stock for exactly 6 months and sold it without any brokerage costs at the end of that period. During the 6 ​-month holding​ period, the stock paid $ 1.63 per share in cash dividends. Marlene was charged 7.2 % annual interest on the margin loan. The minimum maintenance margin was 25 % .

d. ​(1) If the sale price at the end of the 6-month holding period is $50.19, the​ Marlene's annualized rate of return is?
(2) If the sale price at the end of the 6-month holding period is $60.57, the​ Marlene's annualized rate of return is?
​(3) If the sale price at the end of the 6-month holding period is $70.46, the​ Marlene's annualized rate of return is?

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jeff jeffy answered 9 months ago
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