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October 10, 2019 closing price= 47.76 closing price October 31, 2019 is 46.85 september 10, 2019 stock price is 48.18 13 14 Question 4 -
October 10, 2019 closing price= 47.76
closing price October 31, 2019 is 46.85
september 10, 2019 stock price is 48.18
13 14 Question 4 - Buying Stocks (Total of 15 Marks) 15 16 17 18 a) Calculate the return you would have earned if you bought 1000 shares of TELUS Corp for cash at the closing price on September 10, 2019 and sold your shares at the closing price on October 31, 2019. Compare with the returns you would have earned if you bought the shares on margin (assume 30% margin and ignore interest costs). What can you conclude? (5 Marks) b) Fill in the table and dates below to show what would happen to your margin account when buying 1000TELUS Corp shares on margin? (10 Marks) Date (2019) Number of Shares Closing Stock Price Market Value of Position Margin from Investor Broker Margin Loan Call Amount Amount (if any) 1000 $48.18 Sep. 10/19 $48,180.0 n/a Sep. 20/19 Oct. 10/19 Oct. 31/19 Step by Step Solution
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