On February 3, 2020 you purchased 300 shares of MSFT common stock at $152 per share on margin. The initial margin is 60 percent. MSFT paid an amount of dividend of $2 per share on March 1, 2020. Today (April 3, 2020) you close your position at $158 per share. The interest rate is 12 percent per year compounded daily.
a. Prepare an initial margin account.
b. Determine the holding period rate of return of your investment.
c. Determine the annual percentage rate of return of your investment.Get Finance homework help today
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