Uncle BJ bought 100 shares of Apple at $95 per share, with an initial margin of 60%. He was charged 5% margin int annually. One year later he sold the stock for $165 per share. What was Uncle BJ's holding period return? 53%. 174%. 72%. 119%.
Uncle BJ bought 100 shares of Apple at $95 per share, with an initial margin of 60%. He was charged 5% margin int annually. One year later he sold the stock for $165 per share. What was Uncle BJ's holding period return? 53%. 174%. 72%. 119%.
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
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![Uncle BJ bought 100 shares of Apple at $95 per share, with an initial margin of 60%. He was charged 5% margin interest
annually. One year later he sold the stock for $165 per share. What was Uncle BJ's holding period return?
53%.
174%.
72%.
119%.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe8633c30-f853-437b-bae0-9d3eb8b35cd4%2Fa4bbcd73-b198-4e98-9ad1-f185675a2230%2Fttv718g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Uncle BJ bought 100 shares of Apple at $95 per share, with an initial margin of 60%. He was charged 5% margin interest
annually. One year later he sold the stock for $165 per share. What was Uncle BJ's holding period return?
53%.
174%.
72%.
119%.
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