Rudolfo Purchased 900 Shares of Stock for $62

question 53

Multiple Choice

Rudolfo purchased 900 shares of stock for $62.20 a share and sold them ten months later for $64.60 a share. The initial margin requirement on this stock is 75% and the maintenance margin is 40%. Ignoring dividends and costs, what is his holding period return?

• A)3.72%
• B)3.86%
• C)4.54%
• D)4.95%
• E)5.14%

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Definitions:

Medical Equipment

Devices used in medical practice to diagnose, prevent, or treat diseases or medical conditions.

Cognitive Development

A process involving the growth and enhancement of mental abilities, such as thinking, reasoning, problem-solving, and understanding, throughout a person's life.

Formal Operations

The final stage of cognitive development in Piaget's theory, typically beginning around age 12, characterized by the ability to think abstractly, logically, and systematically.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, specifically his theory of cognitive development that explains how children construct a mental model of the world.