FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Buying on Margin You buy 165 shares of stock that are priced at $38 a share using the full amount of margin available. The broker

Buying on Margin You buy 165 shares of stock that are priced at $38 a share using the full amount of margin available. The broker charges you a 3% interest rate on the margin loan. If you sell the stock in one year for $37 a share what was your rate of return?

-8.26%

-7.83%

-2.63%

-8.17%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Complete FinOps Handbook Essential Tools And Techniques For Financial Operations

The Complete FinOps Handbook Essential Tools And Techniques For Financial Operations

Authors: Peter Bates

1st Edition

1922435546, 978-1922435545

More Books

Students also viewed these Finance questions

Question

★★★★★
A study showed that trained police of officers can detect a lie 65 percent of the time, based on controlled studies of videotapes with real-life lies and truths. What are the odds in favor of a lie...

Answered: 1 week ago

Question

★★★★★
=+5. In your own life, what are some conditioned stimuli that are attached to conditioned responses for you? Trace them through these steps

Answered: 1 week ago

Question

★★★★★
From the following information, compute the early, late, and slack times for each activity. Identify the critical path. Code Software Lag 2 A Debug Lag 2 Design B D Order Assemble Install Parts Lag 3...

Answered: 1 week ago

Question

★★★★★
Buying on Margin You buy 165 shares of stock that are priced at $38 a share using the full amount of margin available. The broker charges you a 3% interest rate on the margin loan. If you sell the...

Answered: 1 week ago

Question

★★★★★
The following information is provided for each division. Investment Center Net Income Average Assets Cameras and camcorders $ 4,800,000 $ 20,900,000 Phones and communications 2,223,000 17,100,000...

Answered: 1 week ago

Question

★★★★★
Dominic's Deli recently calculated its annual break-even sales revenue to be $280,000. For each dollar of sales revenue, $0.40 goes to cover variable costs. a. Compute the contribution margin ratio....

Answered: 1 week ago

Question

★★★★★
Which of the following steps is not associated with the "Silent Phase" of the Change Process? Group of answer choices Generate urgency Maintaining motivation Build coalition Create vision

Answered: 1 week ago

Question

★★★★★
As a food worker, it's your responsibility to: Select all that apply: Complete cleaning and sanitising sign-off sheets as per the Food Safety Plan Write safety data sheets Know what to clean and...

Answered: 1 week ago

Question

★★★★★
Question 1 (4 points} During a throw, a pitcher exerts a net force of 19N on a ball weighing 1.1 N. a. What is the ball's acceleration? b. The ball moves 3.3m before the pitcher releases it. With...

Answered: 1 week ago

Question

★★★★★
Lab 10: Simple Harmonic Motion Purpose/objective: In this experiment the student can observe and study the periodic motion in a plane and investigate the relation between the period of a simple...

Answered: 1 week ago

Question

★★★★★
9-14 What goals was the ERP system used to achieve at WIM? Critically analyze how these goals helped WIM to overcome obsctacles they had faced earlier. Welding Industries Malaysia (WIM) is the only...

Answered: 1 week ago

Question

★★★★★
4. What are the challenges posed by enterprise applications and how are enterprise applications taking advantage of new technologies?

Answered: 1 week ago

Question

★★★★★
9-9 Office Depot is a global supplier of office supply products and services in 59 countries. The company tries to offer a wider range of office supplies at lower cost than other retailers by using...

Answered: 1 week ago

Previous Question Next Question