Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1)Ulysses buys 500 shares of a security, currently trading at $22 per share, that his brokerage firm has designated as option-eligible (ie. allows for maximum
1)Ulysses buys 500 shares of a security, currently trading at $22 per share, that his brokerage firm has designated as "option-eligible" (ie. allows for maximum loan amount). Assume that the value of the security later rises to $25 per share. if Ulysses had exactly enough money in his account when the security was at $22 per share, what would Ulysses' margin account deficit or surplus be at the new increased share value of $25 per share? A) $750 deficit B) $1,050 surplus C) $1,225 deficit D)$1,500 surplus 2) You examined the financial details for the Canadian government during the month of December 2019 and you find that the government spent $40 billion on goods and services, made transfer payments to the provinces equal to $10 Billion and received $35 Billion in revenue from taxation. Based on these accounting entries, the national debts has done what, during December A)Fallen by $5 Billion B) Fallen by $15 Billion C)Increased by $5 Billion D)Increased by $15 Billion
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started