You purchased 300 shares of common stock on margin for $60 per share. The initial margin is 60% and the stock pays no dividend. What would your rate of return be if you sell the stock at $45
29/30
You purchased 300 shares of common stock on margin for \$60 per share. The initial margin is 60% and the stock pays no dividend. What would your rate of return be if you sell the stock at \$45 per share? Ignore interest on margin.