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Dee Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $38 per share. She borrows $4,300 from her broker to help

Dee Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $38 per share. She borrows $4,300 from her broker to help pay for the purchase. The interest rate on the loan is 9%. Required: a. What is the margin in De's account when she first purchases the stock? X Answer is complete but not entirely correct. $ 8,400 Margin X b. If the share price falls to $28 per share by the end of the year, what is the remaining margin in her account? X Answer is complete but not entirely correct. Remaining margin $ 4,313 x
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Dee Irader opens a brokerage account and purchases 300 shares of Internet Dreams at $38 per share. She borrows $4,300 from her broker to help pay for the purchase. The interest rate on the loan is 9%. Required: a. What is the margin in De's account when she first purchases the stock? b. If the share price falls to $28 per share by the end of the year, what is the remaining margin in her account? Answer is complete but not entirely correct. c. If the maintenance margin requirement is 30%, will she receive a margin call? Yes No d. What is the rate of return on her investment? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Answer is complete but not entirely correct

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