Polly Khan purchased 100 shares of Builtrite at $60 per share and today the stock is...

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Polly Khan purchased 100 shares of Builtrite at $60 per share and today the stock is selling at $87 per share. Using 60% marg

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Answer 1

Answer #1

Amount invested per share = $60 * 60% = $36

Gain = Final Price - Initial Price

Gain = $87 - $60 = $27

Gain% = (Gain/Investment per share) * 100 = $27/$36 * 100 = 75.0%

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Answer 2

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