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

Question

1 Approved Answer

ii . You sold short 3 0 0 shares of common stock at GHS 5 5 per share. The initial margin is 6 0 %

ii. You sold short 300 shares of common stock at GHS 55 per share. The
initial margin is 60%. At what stock price would you receive a margin call
if the maintenance margin is 35%?
[5 marks]
image text in transcribed

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

Students also viewed these Finance questions

Question

9. If Z is a standard normal random variable, show that for x > 0, (a) P(Z x) = P(Z -x); (b) P(|Z| x) = 2P(Z > x); (c) P(|Z| x) = 2P(Z x) - 1.

Answered: 1 week ago

Question

★★★★★
Conch Republic Electronics is a midsized electronics manufacturer located in Key West, Florida. The company president is Shelley Couts, who inherited the company. When it was founded over 70 years...

Answered: 1 week ago

Question

★★★★★
Parker Plastic, incorporated, manufactures plastic mats to use with roiling office chairs. les standard cost information for last year follows: Parker Plastic had the following actual results for the...

Answered: 1 week ago

Question

★★★★★
The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: The company expects to...

Answered: 1 week ago

Question

★★★★★
Brian has made contributions of $3,000 to his RRSP at the end of every half year for the past seven years. The plan has earned 9% compounded semi-annually. He has just moved the funds to another plan...

Answered: 1 week ago

Question

★★★★★
4.18 Consider the following CO oxidation reactions: VERVIE k CO + OH / CO+H of chemical me k 2 CO + O2 CO2 + 0, shemu where k (cm/gmol-s) = 1.17 107 T (K) 1.35 exp[+3000/RT (K)], k (cm/ ms, the...

Answered: 1 week ago

Question

★★★★★
You own a clothing store that emphasizes unique clothing and very high customer service as its competitive advantage. Sales people help customers select clothes that make them look good and fit their...

Answered: 1 week ago

Question

★★★★★
Read the following note on organisational resilience and on the basis of the motivation stipulated for the proposed study answer all questions that follow. Organisational Resilience 21st century...

Answered: 1 week ago

Question

★★★★★
You own a catering hall, and next Saturday, you have two events booked. At noon, you have a luncheon scheduled until 5:00, and then you have a Sweet 16 party, with guests scheduled to arrive at 7:00...

Answered: 1 week ago

Question

★★★★★
1. Explain the difference between manufacturing operations and service operations. 2. Provide a sample of a service organization. Reflection Activity R eflect by relating the university VMO with your...

Answered: 1 week ago

Previous Question Next Question