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Category > Business & Finance Posted 29 Jul 2017 My Price 3.00

A year ago, Kim Altman purchase 200 shares of BLK, Inc. for $25. 50 on margin

 

A year ago, Kim Altman purchase 200 shares of BLK, Inc. for $25. 50 on margin. At that time the margin requirement was 40 percent. If the interest rate on borrowed funds was 9 percent and she sold the stock for $34, what is the percentage return on the funds she invested in the stock
 
 

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Status NEW Posted 29 Jul 2017 10:07 AM My Price 3.00

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