You purchased a stock for $18.45 a share using 70% margin. You sold the stock seven months later for $19.85 a share. You did not receive any dividend income. What was your holding period percentage return on this investment? Ignore trading costs and margin interest.
A)8.77%
B)9.12%
C)10.84%
D)11.75%
E)12.13%

Question

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The Answer of You purchased a stock for $18.45 a share using 70% margin. You sold the stock seven months later for $19.85 a share. You did not receive any dividend income. What was your holding period percentage return on this investment? Ignore trading costs and margin interest.
A)8.77%
B)9.12%
C)10.84%
D)11.75%
E)12.13%

You Purchased a Stock for $18