In: Finance
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):
15 percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.
65 percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.
75 percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.