You purchased 400 shares of common stock on margin at $45 per share and sold them 7 months later at $65. Assume the margin requirement is 80%, interest on margin used is 4%, and commission paid on each transaction is 2% What is your capital gain on this investment?
The capital gain on the investment is $
(Round the final answer to two decimal places. Enter the answer without symbols (ie. If the answer is 51.35 enter 1.35 in the answer box)
