Solution-Goal and sell shares, You purchased 600 shares of

Goal and sell shares

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Reference no: EM132516139

You purchased 600 shares of TTB at $56.29 per shares on your margin, which as an initial margin of 65% or (.65). Your objective is to make a holding period return of 20% (.20). At which price per share will you get you your goal and sell your shares? (neglect any interest paid on your loan)

Reference no: EM132516139

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Goal and sell shares : You purchased 600 shares of TTB at $56.29 per shares on your margin, which as an initial margin of 65% or (.65). Your objective is to make a holding period

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Goal and sell shares

Reference no: EM132516139

Reference no: EM132516139

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