Six months later green acre industries is trading at 40 a, Financial Management

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Six months later green acre industries is trading at 40 a

Suppose you buy 100 shares of Green Acre Industries on margin when the share price for Green Acre Industries share price is $33. Six months later Green Acre Industries is trading at $40 a share. What is the return on your investment (expressed as a percent)? Assume that the initial margin requirement is 60% and Green Acre Industries does not pay a dividend.

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Financial Management: Six months later green acre industries is trading at 40 a

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Financial Management: Six months later green acre industries is trading at 40 a

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