Business, 16.12.2021 18:10 cuzhernamesari

Carolyn bought 200 shares of stock at $30 per share ($6,000 total). She paid $3,000 in cash and borrowed $3,000 from the brokerage firm. The loan has an annual interest rate of 5 percent. Six months later, she sold the stock for $40 per share. Carolyn paid a commission of $120 and repaid the loan. Her net profit was $.00.

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Carolyn bought 200 shares of stock at $30 per share ($6,000 total). She paid $3,000 in cash and borr...

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