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AT&T LTE 7:13 PM 76% a canvas.csun.edu USE THE FOLLOWING INFORMATION FOR THE NEXT THREE PROBLEMS Jack has a margin account and deposits $25,000. If
AT&T LTE 7:13 PM 76% a canvas.csun.edu USE THE FOLLOWING INFORMATION FOR THE NEXT THREE PROBLEMS Jack has a margin account and deposits $25,000. If the margin requirement is 40 percent, commissions are ignored, and Irish Industries is currently selling at $45 per share: 5. What is the value of the stock that Jack has acquired? A) S41,667 B) $62,500 C) $75,000 D) $87,500 6. What is Jack's profit if the price of Irish Industries rises to S55? A) S5,555 B) S9.259 C) $13,895 D) $23,598 7. If the maintenance margin is 20 percent, to what price can Irish Industries fall bef Jack receives a margin call? A) $21.75 B) $23.75 C) S33.75 D) S35.75 8. At the beginning of the year a U.K. investor purchased shares of a U.S. company per share. At this time the exchange rate was 0.69 per dollar. At the end of the y investor sold the shares at $22 per share, and the exchange rate is 0.85 per dollar is the home country (U.K.) HPR? A) 8.41% B) -12% C) 23.19% D) 13.64% 9. Find the annualized returns for investments A and B: us
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