Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 2 question 2 (2 points) listen rebecca would like

2 Question 2 (2 points) Listen Rebecca would like to purchase a stock on...

90.2K

Verified Solution

Question

Finance

image

2

Question 2 (2 points) Listen Rebecca would like to purchase a stock on margin in her margin account. Currently, the stock she is considering is trading at $20 per share and she would like to purchase 700 shares. What is her margin requirement if the margin rate is 35 percent and her brokerage firm is willing to lend her 65 percent of her purchase price? $4,500 $4.900 $8,000 $3.240 $1,875

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Emery Pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature...

Biology
1.2K views

Describe the biochemistry of the protein macromolecule. One of the unifying themes in biology is...

Biology
1.2K views

Where will a B cell more than likely encounter antigen and go through class switching...

Physics
1.2K views

22 In the figure given below the magnet is moved towards the stationary coil with...

Statistics
1.2K views

Find the area of the region enclosed by f x and the x axis for...

Algebra
1.2K views

a Graph the function by dragging each of the following to a correct position the...

Accounting
1.2K views

i need help amswering all parts of the project i need...

Accounting
1.2K views

The Rollins Company has office employees and shipping employees. A summary of their earnings and...

Accounting
1.2K views

Exercise 18-11 (Algo) Retirement of shares [LO18-5] In 2021, Borland Semiconductors entered into the transactions...

Accounting
1.2K views

Discuss and explain the principles of measurement and disclosure of the non-controlling interest with reference...

Accounting
1.2K views

Exercise 10-8 Utilization of a Constrained Resource [LO10-5, LO10-6] Barlow Company...

Accounting
1.2K views

The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use...