On january 20 2016 steve curry bought on margin 200 shares, Ask an Expert

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On January 20, 2016, Steve Curry bought on margin 200 shares of Wolfe Corp. for $60.00 a share. Wolfe pays an annual dividend of $1.50 a share. The margin requirement is 60 percent with an interest rate of 7 percent on borrowed funds. Please ignore trading commissions. The price of Wolfe stock reached $67.00 on January 20, 2017, and Mr. Curry sold all shares at that price.

a. What was Mr. Curry's total net return (in dollars)?

b. What was Mr. Curry's net rate of return on investment?

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Financial Management, Finance

Category:- Financial Management
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