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You Purchased 100 Shares of Highlight Company for $20 a Share

question 49

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You purchased 100 shares of Highlight Company for $20 a share one year ago with a margin of 50%.The stock is currently selling for $28 a share and no dividends were ever paid.The broker charges an annual interest rate of 8% and a $100 commission on both the purchase and sale of these shares.What is your annual rate of return on this investment?


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Mass Media

Various mediums of communication intended to reach a large audience, including newspapers, television, radio, and the Internet.

Functionalist

An approach in sociology and anthropology that interprets society as a structure with interrelated parts designed to meet the biological and social needs of individuals.

Workforce

The total number of people available for work, including both the employed and the unemployed, within a specific country, region, or economic sector.

Educational System

The structured and institutionalized set of policies, practices, and processes designed to impart knowledge, skills, and cultural values to individuals in a society.

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