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

Question

1 Approved Answer

Question 21 (1 point) An investor buys 100 shares of Lunox Company at $50 per share on margin with an initial margin of 60% and

image text in transcribed
Question 21 (1 point) An investor buys 100 shares of Lunox Company at $50 per share on margin with an initial margin of 60% and a maintenance margin of 30% percent. Assume you pay 5% on your borrowed amount. What is the actual (total) value of the transaction? $8,000 $3,000 $5,000 None of the answers is correct $2,000

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_2

Step: 3

blur-text-image_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

Probability For Risk Management

Probability For Risk Management

Authors: Matthew J. Hassett, Donald G. Stewart

2nd Edition

156698548X, 978-1566985482

More Books

Students also viewed these Finance questions

Question

★★★★★
Leichter Auto Parts, a family-owned auto parts store, began January with $10,500 cash. Management forecasts that collections from credit customers will be $11,000 in January and $15,200 in February....

Answered: 1 week ago

Question

★★★★★
Assume you would like to improve your business letter-writing ability. Using a search engine, such as Google or Bing, search the Web for sites with tips and suggestions to improve letter-writing...

Answered: 1 week ago

Question

★★★★★
8. Use teacher assessment. In your grading, be sure to use the same rubric students used to assess their work.

Answered: 1 week ago

Question

★★★★★
Theta Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Annual income is constant over the life of the project. Each project is expected to...

Answered: 1 week ago

Question

★★★★★
Jag Company employs a normal costing system. The following information is from the financial records of the company for the year. Total manufacturing costs were $2,700,000. Cost of goods manufactured...

Answered: 1 week ago

Question

★★★★★
Gargiulo Company, a 90% owned subsidiary of Posito Corporation, transfers inventory to Posito at a 25% gross profit rate. The following data are available pertaining specifically to Positos...

Answered: 1 week ago

Question

★★★★★
The production records of Prince Company for the month of June shows the following: Total Manufacturing Cost Variance P 3,840 U Rate Variance 8,710 F Total material cost variance 2,975 U Total Labor...

Answered: 1 week ago

Question

★★★★★
Based on the facts, what is the primary ethical issue in this case? Who are the stakeholders? What changes could have been made to impact the outcome of this fraud? Research recent developments in...

Answered: 1 week ago

Question

★★★★★
MDM4U EXAM REVIEW 1. Consider the arrangement of the name TISHAN a. How many arrangements are there in total? b. How many begin with N? c. How many begin with a vowel? 2. Consider forming 7 digit...

Answered: 1 week ago

Question

★★★★★
A cake maker has determined that the cost of producing wedding cakes is $61.50 per wedding cake plus $16620 per month in fixed costs. The cake maker sells each wedding cake for $200. Step 4 of 4:...

Answered: 1 week ago

Question

★★★★★
Write a dialogue of what you would say to your sellers when presenting to them your marketing recommendations. 1- Give your recommendations based on maximum market (buyer) reach and appropriate...

Answered: 1 week ago

Question

★★★★★
5. List the forces that shape a groups decisions

Answered: 1 week ago

Question

★★★★★
4. Identify how culture affects appropriate leadership behavior

Answered: 1 week ago

Question

★★★★★
3. Identify the qualities that make leaders effective at enacting change

Answered: 1 week ago

Previous Question Next Question