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Business, 06.09.2021 18:20 jack487

Jason Yang purchased 500 shares of a company at $32 per share. The stock was bought on 75 percent margin. One month later, Yang had to pay interest on the amount borrowed at a rate of 2 percent per month. At that time, Yang received a dividend of $0.50 per share. Immediately after that he sold the shares at $28 per share. He paid commissions of $10 on the purchase and $10 on the sale of the stock. What was the rate of return on this investment for the one-month period?

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