Business, 18.01.2021 22:20 lunaangelique1p442id

A year ago, Kim Altman purchased 160 shares of BLK, Inc. for $20.50 on margin. At that time the margin requirement was 40 percent. If the interest rate on borrowed funds was 12 percent and she sold the stock for $29.00, what is the percentage return on the funds she invested in the stock

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A year ago, Kim Altman purchased 160 shares of BLK, Inc. for $20.50 on margin. At that time the marg...

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