Business, 20.11.2020 16:30 kaitietrueman8823

Bill Campbell invested $3,200 and borrowed $3,200 to purchase shares in Kellogg. At the time of his investment, Kellogg stock was selling for $52 a share (a) If Bill paid a $53 commission, how many shares could he buy if he used his $3,200 and borrowed $3,200 on margin to buy Kellogg stock? (Round your answer to 2 decimal places.) Number of shares (b) Assuming Bill did use margin, paid a $92 total commission to sell his Kellogg stock, and sold his stock for $57 a share, how much profit did he make on his Kellogg investment? (Use the number of shares computed in part (a) rounded to 2 decimal places. Round your final answer to 2 decimal places.) Total profit after commissions

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Bill Campbell invested $3,200 and borrowed $3,200 to purchase shares in Kellogg. At the time of his...

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