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QUESTION 11 You borrowed 100 shares of IBM from your broker and sold...

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Finance

QUESTION 11

  1. You borrowed 100 shares of IBM from your broker and sold them at the price of $145 per share. You put in $8700 in cash buffer. A day later later, the price per share drops to 138. The margin in your account at that time is_____________

    68.12%

    54.35%

    23.45%

    78.12%

0.3 points

QUESTION 12

  1. You put in $7,000 and borrow $2,000 from your broker to purchase 50 shares of Disney at the price of $180 per share on margin. What is the initial margin?

    0.68

    0.83

    0.78

    0.45

0.3 points

QUESTION 13

  1. The buyer of a new home is quoted a mortgage rate of .2% per month. What is the APR on the loan?

    .50%

    6%

    2.4%

    3.2%

0.3 points

QUESTION 14

  1. Suppose you pay $985 for a $1000 par Treasury bill maturing in 3 months. What is the holding-period return for this investment?

    3.01%

    1.52%

    2.68%

    1.36%

0.3 points

QUESTION 15

  1. What is the geometric average return of the following quarterly returns: 3%, 5%, -4%, and 6%?

    3.16%

    4.74%

    2.42%

    1.28%

0.3 points

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