Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 06, 2024

Pauline sold short 101 shares at $47, but price has increased to $55, and the equity in her account is now only $2,663. Calculate Pauline's

Pauline sold short 101 shares at $47, but price has increased to $55, and the equity in her account is now only $2,663. Calculate Pauline's initial margin percentage.

Alyosha shorted 643 shares at $26. The initial margin requirement was 72%. Alyosha's HPR was 6%. Calculate the percentage change in stock price.

round to 4 decimals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

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

The Evolution Of Nordic Finance

Authors: Steffen Elkiær Andersen

2011th Edition

0230241557, 978-0230241558

More Books

Students also viewed these Finance questions

Question

★★★★★

What is required to obtain a search warrant?

Answered: 1 week ago

Question

★★★★★

=+ (a) Show that the o-field $ of Borel sets is countably generated.

Answered: 1 week ago

Question

★★★★★

Wharton Mens Clothings revenues and cost data for 2012 are as follows: Mr. Wharton, the owner of the store, is unhappy with the operating results. An analysis of other operating costs reveals that it...

Answered: 1 week ago

Question

★★★★★

Kim has put up an advertisement in the local dailies seeking a consultant in investment. The following is the summary of the said advertisement Name Jacob Age 84 years Occupation Retiree Spouse He...

Answered: 1 week ago

Question

★★★★★

Chapter 10: ACC 4301 1. Carlos donated a painting to Goodwill Industries, a qualified charity. Carols purchased the painting 5 months ago for $2,000 and it has a fair market value of $3,000 on the...

Answered: 1 week ago

Question

★★★★★

Q2 The following system works to lift a specific load. It transmits the movement from the worm (A, 600rpm) to the worm gear (B, 90 teeth) and then to the small sprocket (C, 40 teeth) attached to it...

Answered: 1 week ago

Question

★★★★★

Digna Co., a subsidiary of Shell Corpo. Began operations at the beginning of 2014. The functional currency of Digna Co. is the Italian lira; the functional currency and reporting currency of Jill...

Answered: 1 week ago

Question

★★★★★

For many years professional football players have earned on average less than half of what professional baseball players earned. Using economic reasoning, how can this fact be explained?

Answered: 1 week ago

Question

★★★★★

Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Date Activities Units Acquired at Cost Units Sold at Retail June 1 Beginning...

Answered: 1 week ago

Question

★★★★★

Here is the income statement for Ivanhoe, Inc. Ivanhoe, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $449,500 Cost of goods sold 211,500 Gross profit 238,000 Expenses...

Answered: 1 week ago

Question

★★★★★

(Appendices) SALES RETURNS. Swan and Bloom, Inc., is a wholesaler of novelty items to small stores. All sales are on credit with no discount offered. During March, Swan and Bloom accepted the...

Answered: 1 week ago

Question

★★★★★

(Appendices) ACCOUNTS RECEIVABLE TURNOVER. A recent annual report for Gerber Products Company shows credit sales for the year of approximately $1,269 million and average accounts receivable of...

Answered: 1 week ago

Question

★★★★★

(Appendices) FINANCIAL ANALYSIS OF RECEIVABLES. A chain of retail stores located in Kansas and Nebraska has requested a loan from First Chicago. The balance sheet of the retail chain shows...

Answered: 1 week ago

Previous Question Next Question