In: Finance
Four years ago, you bought 500 shares of Kayleigh Milk Co. for $20 a share with a margin of 55 percent. Currently, the Kayleigh stock is selling for $45 a share. Assume there are no dividends and ignore commissions. Do not round intermediate calculations. Round your answers to two decimal places.
%
%
1.
=(45/20)^(1/4)-1=22.4744871391589%
2.
=((500*45-500*20*(1-45%))/(500*20*55%))^(1/4)-1=32.5933%