Question
Apple Company develops new surf forecasting software. It sells the software to Google company in exchange for 5,000 shares of Google common stock. Apple Software
Apple Company develops new surf forecasting software. It sells the software to Google company in exchange for 5,000 shares of Google common stock. Apple Software has exchanged a _____ asset for a _____ asset in this transaction. A. real; real B. financial; financial C. real; financial D. financial; real
You sell short 200 shares of Doggie Treats Inc. that are currently selling at $25 per share. You post the 50% margin required on the short sale. If your broker requires a 25% maintenance margin, at what stock price will you get a margin call? (You earn no interest on the funds in your margin account, and the firm does not pay any dividends.)
A. | $28.85 | |
B. | $25.71 | |
C. | $31.50 | |
D. | $32.25 | |
E. | None of the given answers are correct. |
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