On march 20 2012 you bought 1000 shares of starwood hotels, Financial Management

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On march 20 2012 you bought 1000 shares of starwood hotels

On March 20, 2012 you bought 1,000 shares of Starwood Hotels & Resorts Worldwide Inc. (HOT) at $14.00 on 50% margin. The margin loan carries a 8% annual interest rate, paid every 3 months from the day of the purchase. You sold the stock on September 20, 2012 (exactly 6 months from the purchase) for $28.00. Calculate the HPR (%) and profit amount on your equity position.

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Financial Management: On march 20 2012 you bought 1000 shares of starwood hotels

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Financial Management: On march 20 2012 you bought 1000 shares of starwood hotels

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