Joseph Bought 100 Shares of Stock at a Price of $24

question 26

Multiple Choice

Joseph bought 100 shares of stock at a price of $24 a share, assuming a margin loan of 30%. Joseph sold his shares after a year for $20 a share. Ignoring margin interest and trading costs, what is Joseph's return on investor's equity for this investment?

• A) - 56%.
• B) - 17%.
• C) 24%.
• D) - 24%.

---

Definitions:

Economically Impoverished

A state of living with insufficient financial resources to meet basic needs such as food, shelter, and clothing, often leading to a lower standard of living.

Quality Education

Education that is comprehensive, inclusive, and empowering, enabling learners to achieve their full potential and participate meaningfully in society.

Explicit Instruction

A teaching method that is structured, clear, and direct, aiming to teach specific skills or concepts.

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or social group.