Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

round to 2 decimals and answer in percent Dee Trader opens a brokerage account and purchases 300 share of Internet Dreams at $40 per share.

round to 2 decimals and answer in percent image text in transcribed
Dee Trader opens a brokerage account and purchases 300 share of Internet Dreams at $40 per share. She borrows $4000 from her broker to help pay for the purchase. The interest rate on the loan is 8%. What is the margin in Dee's account when she first purchases the stock? Question 5 1 pts Dee Trader opens a brokerage account and purchases 300 share of Internet Dreams at $40 per share. She borrows $4000 from her broker to help pay for the purchase. The interest rate on the loan is 8% per period. At the end of the period, the price has fallen to $30. What is her new percent margin? (Hint: don't forget to take into account the interest she has to pay now.) Question 6 1 pts Dee Trader opens a brokerage account and purchases 300 share of Internet Dreams at $40 per share. She borrows $4000 from her broker to help pay for the purchase. The interest rate on the loan is 8% per period. At the end of the period, the price has fallen to $30. What is her return? (Hint: don't forget to take into account the interest she has to pay now.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Business Accounting An Introduction To Financial And Management Accounting

Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis

2nd Edition

9780230276239

Students also viewed these Finance questions