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You purchase 120 shares for $70 a share ($8,400), and after a year the price falls...

You purchase 120 shares for $70 a share ($8,400), and after a year the price falls to $65. Calculate the percentage return on your investment if you bought the stock on margin and the margin requirement was (ignore commissions, dividends, and interest expense):

  1. 15 percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.

      

  2. 65 percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.

      

  3. 75 percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.

      

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jeff jeffy answered 9 months ago
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