Question
If the price of Home Depot stock rose to $39.74 per share (ignoring any possible dividends), the total value of the investment would now be
If the price of Home Depot stock rose to $39.74 per share (ignoring any possible dividends), the total value of the investment would now be $13,909 .
(Round to the nearest cent.)
The loan amount is $6954.50 .
(Round to the nearest cent.)
The amount of the margin is now $6954.50.
(Round to the nearest cent.)
The profit is $ .
(Round to the nearest cent.)
c. If the price of Home Depot stock fell to $21.54 per share (ignoring any possible dividends), the total value of the investment would now be $.
(Round to the nearest cent.)
The amount of the margin is now $.
(Round to the nearest cent.)
The loss is $ .
(Round to the nearest cent and enter as a negative number.)
Enter your answer in each of the answer boxes.
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