question archive Suppose that you buy 250 shares of a stock at $40 per share using your margin account
Suppose that you buy 250 shares of a stock at $40 per share using your margin account
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Suppose that you buy 250 shares of a stock at $40 per share using your margin account. Your brokerage firm allows you to trade on margin with 60% equity. You close your position at $45 per share. How much is your return? Assume no dividend is paid and the interest rate charged by the broker is 0%.
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