Rudolfo Purchased 900 Shares of Stock for $62

question 80

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 percent and the maintenance margin is 40 percent.Ignoring dividends and costs,what is his holding period return?

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

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