Determine your percentage profit or loss Question, accounting homework help

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You purchased shares of Broussard Company using 50 percent margin; you invested a total of $20,000 (buying 1,000 shares of a price of $20 per share) by using $10,000 of your own funds and borrowing $10,000. Determine your percentage profit or loss under the following situations (ignore borrowing costs, dividends, and taxes):

A.   the stock price rises to $23 a share

B.   the stock price rises to $30 a share

C.   the stock price falls to $16 a share

D.   the stock price falls to $10 a share

 
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