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Sara Sanders purchased 50 shares of Apple stock at $190.61 per share using the prevailing minimum initial margin requirement of 57%. She held the stock

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Sara Sanders purchased 50 shares of Apple stock at $190.61 per share using the prevailing minimum initial margin requirement of 57%. She held the stock for exactly 5 months and sold it without any brokerage costs at the end of that period. During the 5 -month holding period, the stock paid $1.47 per share in cash dividends. Sara was charged 45% anmul interest on the margin boan The minimum maintenance margin was 25%. a. Calculate the initial value of the transaction, the debt balance, and the equity position on Sara's transaction b. For each of the following share prices, calculate the actual margin percentage, and indicate whether Sara's margin account would have excess equily. would be restricted, or would be subject to a margin call (1) $175.43,(2)$207.97, and (3)$122.57 c. Calculate the dollar amount of (1) dividends received and (2) interest paid on the maxgin loan during the 5 -month holding period d. Use each of the following sale prices at the end of the 5-monti holding period to calculae Sara's annualized rate of retuin on the Applo stock transaction (1) $184.06.(2)$194.58, and (3) $205.64 2. The inital value of the tiansacion hs? (Ronnd to the neareat cent) The debit baisice is 1 (Round to the nesest cent) The equity pesation is (Round to the neaiest ceit) b. (1) if the share peice fals 70.517543 , the achual numign percieiage wil be 6 (Round to two deoinal places.) The accourt h this case (select fren the drop dowa mena) (2) I the share puice tises to 520797 , the actual margin percentago will be K. (Reund to two decinal plotes.) The account in this case (5elect from the drop dowe ticau) (3) It Een thare pice tals to 5122,57 , the acual margin percentege wi be b. (Round fo leo decimal places) The accourt in ths case (Select trore the drop doen niead) c. (i) Dering the s.month hiching period, the disendt cecohed wet (Round to the nesest ceat) (2) Duing the Simenth holding period the isteiest paid is 1 (Round to hie neaneit ceen)

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