Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. show calculation as well you have been watching

Show calculation as well You have been watching Anglo Platinum (JSE: AMS) and...

60.1K

Verified Solution

Question

Accounting

image

Show calculation as well

You have been watching Anglo Platinum (JSE: AMS) and believe that the share price should increase over the next two months. Assuming that your broker charges a borrowing rate of 7% a year, requires an initial margin of 60%, maintenance margin of 30% and an initial assumed exposure of 1000 shares, calculate: Bid Time Ask Today 28.25 29.38 Two months time 31.30 | 32.55 Question 1 The return on then margin strategy is closest to: A) 13.08% B) 11.71% C) 6.69% D) 8.06% E) 10.14% Question 2 The price equal to or below which you will get a margin call is closest to: A) R21.66 B) R19.39 C) R16.79 D) R13.35 E) R22.41

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The number of different bond angles for nonpolar PBr2F3 is? A. 5 B. 2 C. 3 D. 4

Chemistry
Q

list the five influences that must be considered as causes of any psychological disorder and give...

Psychology
Q

Using the concepts and techniques you have learned during this course include details and discussion as...

Psychology
Q

ngle Correct Option 1 An insect of negligible mass is sitting on a block of...

Physics
Q

a 1 cm b 2 cm c 3 cm 8 14 3 Simple Harmonic Motion...

Physics
Q

If tthe formula for the volume of a rectangular prism is V Ixhxw where I...

Geometry
Q

Solve for y, where y is a real number.3?y=-3

Basic Math
Q

Admission to a baseball game is $4.00 for general admission and $6.00 for reserved seats....

Basic Math
Q

Multiply the monomials 2x5y 6x y 2x5y 6x y

Algebra
Q

1. Prepare a fair value allocation. Please refer to photos. ...

Accounting
Q

Choose the correct option: Question: The carrying amount of accounts receivable Options: a)...

Accounting
Q

ES declares a $1 per share cash dividend on November 1 to to record the...

Accounting