Question
currently the price of matteo stock is $30 a share. you have $30,000 of your own funds to invest. using the maxmimum margin allowed, what
currently the price of matteo stock is $30 a share. you have $30,000 of your own funds to invest. using the maxmimum margin allowed, what is your percentage profit or loss under the following situations by ignoring dividend and taxes? what would the percentage profit or loss be in each situation if the margin were not used?
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a- you purchase the stock and it rises to 33 a share
b- you purchase the stock and it rises to 35 a share
c- you purchase the stock and it falls to 25 a share
d- you purchase the stock and it falls to 30 a share
2. Biscuits had a great IPO success. The firm offered 100 million shares. Bids appear below
Bidder Bid Price # of shares
Manahan. $25.25 25 million
Campbell. $24.95 30 million
Mahoney. 24. 75 25 million
Touma 24. 40 10 millon
Clark 24.40 30 million
fry 24.25 15 million
what is the clearing price?
what options do boneyard and its underwriters have for allocating shares? How many shares will each bidder receive under each option?
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