At the Beginning of 2010,Steve Purchased ACME Stock on Margin

question 77

Multiple Choice

At the beginning of 2010,Steve purchased ACME stock on margin.The initial margin requirement is 50 percent and the broker loan rate is 8 percent.Steve invested $15,000 of his own funds and margined the maximum amount allowed by the broker to purchase ACME stock.At the time,the purchase price of the stock was $25 a share.No dividends were paid during the year,and the stock was sold for $32 a share at the end of the 2010.What is the one-year holding period return for this investment?

• A) 28.0%
• B) 56.0%
• C) 24.0%
• D) 40.0%
• E) 48.0%

Recognize factors influencing health behaviors and outcomes among individuals and communities.

Distinguish between types of prevention (primary, secondary, tertiary) and their implications for care.

Relate the importance of health screenings and assessments in detecting early-stage diseases.

Differentiate between individual and community-level approaches to health promotion.

---

Definitions:

K

The chemical symbol for potassium, a soft, silvery-white metal that is highly reactive with water.

[H+]

The concentration of hydrogen ions in a solution, which is a measure of the solution's acidity.

K

The chemical symbol for potassium, a soft silvery-white alkaline metal that is essential for many biological processes and is used in numerous industrial applications.

[H+]

The concentration of hydrogen ions in a solution, often used to express the acidity of a solution.