Question
Betty bought 100 shares of SYS using maximum margin and paid the price in Row 1. She did not issue a stop order to sell.
Betty bought 100 shares of SYS using maximum margin and paid the price in Row 1. She did not issue a stop order to sell. The broker charges 6% per annum on money borrowed. What is the Total Liabilities value for the account at the date for Row 2?
Assume the margin is 60 percent. The first row on the listing shows the date of purchase and the second row shows the listing three months later. There was one dividend payment.
Row | Symbol | Close | Net Chg | Volume | 52 weekhigh | 52 weeklow | Div | Yield | YTD% Chg |
1 | SYS | 50 | +2.00 | 403,200 | 56.00 | 37.29 | 2.00 | 4 | 5.0 |
2 | SYS | 40 | +2.00 | 403,200 | 56.00 | 37.29 | 2.00 | 4 |
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