Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. lisa lasher buys 380 shares of stock on margin at

Lisa Lasher buys 380 shares of stock on margin at $22 per share. If the margin...

50.1K

Verified Solution

Question

Finance

Lisa Lasher buys 380 shares of stock on margin at $22 per share.If the margin requirement is 50 percent, how much must the stockrise for her to realize a 45-percent return on her invested funds?(Ignore dividends, commissions, and interest on borrowed funds.)Round your answer to the nearest cent.

Answer & Explanation Solved by verified expert
3.9 Ratings (474 Votes)
    See Answer
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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Lisa Lasher buys 380 shares of stock on margin at $22 per share.If the margin requirement is 50 percent, how much must the stockrise for her to realize a 45-percent return on her invested funds?(Ignore dividends, commissions, and interest on borrowed funds.)Round your answer to the nearest cent.

Other questions asked by students

Q

Suppose the current stock price (P0) is US$45. A one year call option on the stock...

Finance
Q

Scientists recently discovered that elephants have 40 copies of the p53 gene, while humans have two...

Biology
Q

The bold line on the graph shows the relationship between auxin concentration and the rate...

Biology
Q

20 The horizontal component of the earth s magnetic field at a given place is...

Physics
Q

Four weightlifters A through D enter a competition The mass and distance that each lifts...

Physics
Q

For a normal population a sample of n 9 scores has a standard error of...

Statistics
Q

2 10 pts Find the slope of the tangent line to y 2 x at...

Calculus
Q

f x g x 5x 11x 17x 3 x 10x 3 O 5x 10x 15x...

Algebra
Q

17 Find all roots of the equations a z4 222 4 0 b w w...

Algebra
Q

Elijah is single. He has a $28,500 AMT credit from 2021. In 2022, his regular...

Accounting
Q

Conversion costs. H ULY. 27) Process costing systems are commonly used by systems are commonly...

Accounting
Q

(TCO C) Based upon the below 4 situations explain your position of why...

Accounting