You buy stock on margin in your brokerage account when it is

Last updated: 5/24/2023

You buy stock on margin in your brokerage account when it is trading at 20 89 per share You have 1800 in equity cash in your account and buy 215 shares Your broker makes a margin loan so you can pay the difference at an annual rate of 0 0525 One year later the stock price is 30 48 What is the paper profit or loss on the trade as a percentage O 1 1705 O 1 2271 O 1 0670 1 2932