Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

P2.14 (similar to) Question Help Matere Belamy purchased 500 shares of Witoline Communications stock at $56.74 por share using the prevaling minimum inities mergin requirement

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
P2.14 (similar to) Question Help Matere Belamy purchased 500 shares of Witoline Communications stock at $56.74 por share using the prevaling minimum inities mergin requirement of se% She had the stock for eacty5 months and solid without any brokerage costs at the end of that period. During the 5 month holding period, the stock paid $1.66 per share in cash dividends. Marlene was charged 72% annual interest on mergin can. The minimum maintenanta marginwi 28% a Calculate the Intial value of the transaction, the debt balance and the equity position in Marine's transaction . For each of the following shavu prices, calculate the actual margin percentage and indicate Whaller Malere's margin account would have excess oculty wodd be restricted, er would be subject to a craign cal 6. Calculate the dollar amount of (1 dividends received and (2) interest paid on the marginan uning the month holding period d. Use war of the flow sale prices at the end of the 5-month holding period to calculate Marianas arized rate of natum on The Witaine Communications stock transaction (1) 550 11,02) 500 and 570.14 a. The instal value of the transaction is $(Round to the nearest cet) Enter your answer in the band then dick Check Antwer 13 oraining Clear Score: 0 of 7 pts P2.14 (similar to) Marlene Bellamy purchased 500 shares of Writeline Communications stock at $56.74 per share without any brokerage costs at the end of that period. During the 5-month holding period, the stoc maintenance margin was 25%. a. Calculate the initial value of the transaction, the debit balance, and the equity position on Marle b. For each of the following share prices, calculate the actual margin percentage, and indicate wt (1) $44.84, (2) $71.02, and (3) $34.94. c. Calculate the dollar amount of (1) dividends received and (2) interest paid on the margin loan d. Use each of the following sale prices at the end of the 5-month holding period to calculate Mar (1) $50.11, (2) $60.65, and (3) $70.74. a. The initial value of the transaction is $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. 13 parts remaining 8 of 12 (6 complete) er share using the prevailing minimum initial margin requirement of 56%. She , the stock paid $1.64 per share in cash dividends. Marlene was charged 7.2 on Marlene's transaction. dicate whether Marlene's margin account would have excess equity, would be gin loan during the 5-month holding period. ulate Marlene's annualized rate of return on the Writeline Communications sto Question Help ent of 56%. She held the stock for exactly 5 months and sold it vas charged 7.2% annual interest on the margin loan. The minimum equity, would be restricted, or would be subject to a margin call: mmunications stock transaction: P2.14 (similar to) Question Help Matere Belamy purchased 500 shares of Witoline Communications stock at $56.74 por share using the prevaling minimum inities mergin requirement of se% She had the stock for eacty5 months and solid without any brokerage costs at the end of that period. During the 5 month holding period, the stock paid $1.66 per share in cash dividends. Marlene was charged 72% annual interest on mergin can. The minimum maintenanta marginwi 28% a Calculate the Intial value of the transaction, the debt balance and the equity position in Marine's transaction . For each of the following shavu prices, calculate the actual margin percentage and indicate Whaller Malere's margin account would have excess oculty wodd be restricted, er would be subject to a craign cal 6. Calculate the dollar amount of (1 dividends received and (2) interest paid on the marginan uning the month holding period d. Use war of the flow sale prices at the end of the 5-month holding period to calculate Marianas arized rate of natum on The Witaine Communications stock transaction (1) 550 11,02) 500 and 570.14 a. The instal value of the transaction is $(Round to the nearest cet) Enter your answer in the band then dick Check Antwer 13 oraining Clear Score: 0 of 7 pts P2.14 (similar to) Marlene Bellamy purchased 500 shares of Writeline Communications stock at $56.74 per share without any brokerage costs at the end of that period. During the 5-month holding period, the stoc maintenance margin was 25%. a. Calculate the initial value of the transaction, the debit balance, and the equity position on Marle b. For each of the following share prices, calculate the actual margin percentage, and indicate wt (1) $44.84, (2) $71.02, and (3) $34.94. c. Calculate the dollar amount of (1) dividends received and (2) interest paid on the margin loan d. Use each of the following sale prices at the end of the 5-month holding period to calculate Mar (1) $50.11, (2) $60.65, and (3) $70.74. a. The initial value of the transaction is $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. 13 parts remaining 8 of 12 (6 complete) er share using the prevailing minimum initial margin requirement of 56%. She , the stock paid $1.64 per share in cash dividends. Marlene was charged 7.2 on Marlene's transaction. dicate whether Marlene's margin account would have excess equity, would be gin loan during the 5-month holding period. ulate Marlene's annualized rate of return on the Writeline Communications sto Question Help ent of 56%. She held the stock for exactly 5 months and sold it vas charged 7.2% annual interest on the margin loan. The minimum equity, would be restricted, or would be subject to a margin call: mmunications stock transaction

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

Recommended Textbook for

Case Study In Auditing

Authors: Donald H Taylor

1st Edition

0471046264, 978-0471046264

More Books

Students also viewed these Accounting questions

Question

Write a letter asking them to refund your $1,500 down payment.

Answered: 1 week ago