You Purchased a Stock for $18

question 98

Multiple Choice

You purchased a stock for $18.45 a share using 70 percent 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 percent
• B) 9.12 percent
• C) 10.84 percent
• D) 11.75 percent
• E) 12.13 percent

Recognize the role of end-user development in system creation.

Comprehend the principles of Agile development and Rapid Application Development (RAD).

Identify key stakeholders in Agile project management.

Learn the advantages of various system development methodologies and tools, including JAD and prototyping.

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Definitions:

Book Value

The net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from the total value of assets.

Commercial Substance

Commercial substance refers to a transaction that causes a significant change in the cash flows of a company or significantly alters the entity's operations.

Trade-in Allowance

The credit a buyer receives when they trade in an old asset (like a car) towards the purchase of a new asset, reducing the price of the new purchase.

Book Value

The net value of a company's assets as listed on the balance sheet, calculated by subtracting liabilities from total assets.