1-4 please :) thank you! Use the following information to...
90.2K
Verified Solution
Link Copied!
Question
Finance
1-4 please :) thank you! 
Use the following information to solve for FOUR QUESTIONS BELOW. USE AT LEAST 4 DECIMALS FOR ACCURATE RESULTS. Six months ago, vou purchased 600 shares of stock on margin. The initial margin requirement on your account is 60% and the maintenance margin is 40%. The call money rate plus the spread is 5%. The purchase price was $15 per share. 1) How much did you borrow 6 months ago? That is what is the margin loan? +2) At what price (P) would you receive a margin cal? Today, you sold these shares for $17 each. 3) What is your new margin now? 4) What is your Effective Annual Return (EAR)? 52F ING 648 PM US $24/2001 MCILA 2 Type here to search DI E
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.