You Purchased a Stock for $19

question 68

Multiple Choice

You purchased a stock for $19.75 a share using 70 percent margin. You sold the stock seven months later for $20.80 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) 5.77 percent
• B) 6.12 percent
• C) 7.59 percent
• D) 8.75 percent
• E) 9.13 percent

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Definitions:

Carbonic Anhydrase

An enzyme that catalyzes the conversion of carbon dioxide and water into carbonic acid, playing a critical role in the transport of carbon dioxide in the blood.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air (about 0.04% by volume) and is absorbed by plants in photosynthesis.

Concentration Gradient

The gradual difference in the concentration of solutes in a solution between two regions, often resulting in diffusion.

Gas Exchange

Gas exchange is the biological process through which organisms exchange oxygen and carbon dioxide with their surroundings, critical for respiration.