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

Question

1 Approved Answer

Question 2 (3 points) Onl/1/2014you sold short1,000 shares of Sigma Ltd which were selling at $25 per share. You gave $15,000 to your broker to

image text in transcribed

Question 2 (3 points) Onl/1/2014you sold short1,000 shares of Sigma Ltd which were selling at $25 per share. You gave $15,000 to your broker to establish your margin account. The maintenance margin requirement is 40%. How high can Sigma's share price rise before you get a margin call

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

Quantitative Analysis For Management

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale

14th Edition

ISBN: 0137943601, 9780137943609

More Books

Students also viewed these Finance questions

Question

★★★★★
On January 1, 2013, Stamford issues 10,000 additional shares of common stock for $25 per share. Neill acquires 8,000 of these shares. How will this transaction affect the parent company's Additional...

Answered: 1 week ago

Question

★★★★★
What are the differences between product and service process design?

Answered: 1 week ago

Question

★★★★★
This data table tracks monthly performance of stock in Apple Computer since 1990. The data include 264 monthly returns on Apple Computer, as well as returns on the entire stock market, Treasury Bills...

Answered: 1 week ago

Question

★★★★★
Question 2 (3 points) Onl/1/2014you sold short1,000 shares of Sigma Ltd which were selling at $25 per share. You gave $15,000 to your broker to establish your margin account. The maintenance margin...

Answered: 1 week ago

Question

★★★★★
39.After being hit from behind, you note a 35kg small means of containment of UN3481, LITHIUM ION BATTERIES PACKED IN EQUIPMENT from your cargo is damaged. The batteries are hot and swollen. This is...

Answered: 1 week ago

Question

★★★★★
2. (10 points) The curve is the intersection of the plane x = -1 and the cone z = x + y. Find the curvature of y at the point (-1,2,5). 22

Answered: 1 week ago

Question

★★★★★
[6] Question 4: [20 Marks] The signal x(t) has the Laplace transform X(s) = 14 s(s+4) 2 [6] (a) Find the LT of y(t) = x(21-3) [8] (b) Find the LT of y(1) = tex(1) (c) Find the LT of y(t) = 1...

Answered: 1 week ago

Question

★★★★★
1.Goodyear implemented the DRII/NFPA 1600 approach. What strategies can be utilized to make sure recovery starts quickly, perhaps even while the incident is ongoing? 2.Please explain how the five...

Answered: 1 week ago

Question

★★★★★
8. A tire manufacturer has been concerned about the number of defective tires found recently. To evaluate the true magnitude of the problem, a production manager selected 10 random samples of 20...

Answered: 1 week ago

Question

★★★★★
Target Market(s) and Positioning OF OZTENT ( an Australian company) An analysis of the Oztent target market in particular shows differentiation from 20-29 years (18%), 30-54 years (47%), 55+ years...

Answered: 1 week ago

Question

★★★★★
Evaluate a selection of HR models and appreciate their inherent contradictions.

Answered: 1 week ago

Question

★★★★★
Identify the roles and purpose of human resources in todays environment.

Answered: 1 week ago

Question

★★★★★
10-15 Evaluate Zagat using the competitive forces and value chain models. Founded by Tim and Nina Zagat, the Zagat Survey has collected and published ratings of restaurants by diners since 1979....

Answered: 1 week ago

Previous QuestionNext Question