You Purchased a Stock for $18

question 13

Multiple Choice

You purchased a stock for $18.45 a share using 70% margin. You sold the stock seven months later for $19.85 a share. You did not receive any dividend income. What was your holding period percentage return on this investment? Ignore trading costs and margin interest.

• A)8.77%
• B)9.12%
• C)10.84%
• D)11.75%
• E)12.13%

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Definitions:

Sharps Container

A hard plastic container that is used to safely dispose of needles, scalpels, and other sharp medical instruments to prevent injury and infection.

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A protective cover designed to prevent accidental opening, often used on medication bottles.

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A type of oven that uses natural gas or propane as its fuel source for cooking and baking.