Question
15. The brokers call rate represents A. the rate the broker charges an investor on a margin account. B. the rate the broker pays its
15. The brokers call rate represents
A. the rate the broker charges an investor on a margin account.
B. the rate the broker pays its bank on borrowed funds.
C. the return earned by the broker on a margin account.
D. the return earned by the investor on a margin account .
28. You short-sell 600 shares of Rock Creek Fly Fishing Co., now selling for $26 per share. If you want to limit your loss to $2,805, you should place a stop-buy order at ___.
A. $30.68
B. $26.00
C. $21.32
D. $42.65
30. The commission structure on a stock purchase is $65 plus $0.04 per share. If you purchase eight round lots of a stock selling for $194, what is your commission?
A. $33
B. $65
C. $97
D. $32
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