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A speculator opened an account with her broker to purchase 2.000 shares of FSLR (First Solar) for $60 each. The initial margin PEQUUNTIL was 40%.
A speculator opened an account with her broker to purchase 2.000 shares of FSLR (First Solar) for $60 each. The initial margin PEQUUNTIL was 40%. The speculator financed the remainder of the purchase by taking out a loan that charges 10% annual interest. A year later the price of PSLR decreased to $50 per share and the stock did NOT pay any dividends. Assume no commissions What is the remaining margin in the account after one year? Select the closest answer. A $20,000 B. $20,800 C. $38,000 D. $72.000 QUESTION 17 A speculator opened an account with her broker to purchase 2,000 shares of FSLR (First Solar) for $60 each. The initial margin requirement was 40%. The speculator financed the remainder of the purchase by taking out a loan that charges 10% annual interest. A year later the price of FSLR decreased to $50 per share and the stock did NOT pay any dividends. Assume no commissions. if the maintenance margin requirement is 20%, will the speculator receive a margin call? A Yes B. No C. Not enough information is provided Save All Answ Ek Save and Submit to save and submit. Click Save All Answers to save all answers
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