You purchase 500 shares of 2nd chance co stock on margin at, Ask an Expert

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You purchase 500 shares of 2nd Chance Co. stock on margin at a price of $53. Your broker requires you to deposit $10,000. Suppose you sell the stock at a price of $44. What is your return? What would your return have been had you purchased the stock without margin? What if the price is $65 when you sell the stock with margin and without margin?

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Financial Management, Finance

Category:- Financial Management
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