Gerry bought 100 shares of stock for 3000 per share on 70, Financial Management

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Gerry bought 100 shares of stock for 3000 per share on 70

Gerry bought 100 shares of stock for $30.00 per share on 70% margin. Assume Gerry holds the stock for one year and that his interest costs will be $90 over the holding period. Gerry also received dividends amounting to $0.60 per share. Ignoring commissions, what is his percentage return on invested capital if he sells the stock for $34 a share?

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Financial Management: Gerry bought 100 shares of stock for 3000 per share on 70

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Financial Management: Gerry bought 100 shares of stock for 3000 per share on 70

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