What was your total loss on this investment

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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you purchased 300 shares of a non-dividend paying stock at $50 per share using 50% margin at a 10% annual interest rate. A year later you sold the stock for $44.62 and paid your annual interest on the margin loan. You paid $30 in commission in total.  What was your total loss on this investment

 

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