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

Question

00
1 Approved Answer

De Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $34 per share. She borrows $4,400 from her broker to help

De Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $34 per share. She borrows $4,400 from her broker to help pay for the purchase. The interest rate on the loan is 7%.

Required: a. What is the margin in Des account when she first purchases the stock?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

=+ (a) Every set in o(s ) is a union of ofequivalence classes. (b) If =[A .: 0 0], then the ofequivalence classes have the form n , Be, where for each 0, Bo is Ag Or AS. (c) Every finite o-field is...

Answered: 1 week ago

Question

★★★★★
Professor Wise is teaching a summer seminar in business torts at State University. Several times during the course, he makes copies of relevant sections from business law texts and distributes them...

Answered: 1 week ago

Question

★★★★★
Water Use Calculation Problem: In the following problem calculate the water savings for Shower Use using a 3.5gpm shower head. A. Calculate the number of gallons used with a 3.5GPM shower Total...

Answered: 1 week ago

Question

★★★★★
6. Segn el tamao y la complejidad de la operacin, puede haber muchas partes interesadas en el proceso de establecimiento del presupuesto. Discutir, en un prrafo corto, al menos dos (2) partes...

Answered: 1 week ago

Question

★★★★★
1. Is working at a job for $15 an hour a manageable earning wage? Explain. 2. If necessary, what would you adjust in this budget? For example, the monthly student loan amount, the mortgage payment,...

Answered: 1 week ago

Question

★★★★★
The sales budget for your company in the coming year is based on a quarterly growth rate of 20 percent with the first-quarter sales projection at $226 million. In addition to this basic trend, the...

Answered: 1 week ago

Question

★★★★★
An experienced male mentor is working, in a paid relationship with a younger female mentee, helping her to think through her career options, following a breakdown in her personal relationship. The...

Answered: 1 week ago

Question

★★★★★
Problem 1.1 Find the equivalent stiffness at point A. Answer: 9.20106 N/m Problem 1.2 Consider a stainless-steel metal ruler. Assume it is 12 in long, 1.25 in wide, and 0.018 in thick with an elastic...

Answered: 1 week ago

Question

★★★★★
In half a page, explain how the child protection reporting system operates. In your answer, consider reporting protocols, policies for working with other agencies and how the system responds to...

Answered: 1 week ago

Previous Question Next Question