Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 03, 2024

Suppose that you buy 250 shares of a stock at $40 per share using your margin account. Your brokerage firm allows you to trade on

Suppose that you buy 250 shares of a stock at $40 per share using your margin account. Your brokerage firm allows you to trade on margin with 60% equity. You close your position at $45 per share. How much is your return? Assume no dividend is paid and the interest rate charged by the broker is 0%.

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

Personal Finance

Personal Finance

Authors: E Thomas Garman, Raymond E Forgue

10th Edition

143903902X, 9781439039021

More Books

Students also viewed these Finance questions

Question

★★★★★

As the purchasing manager for NEP, what is your evaluation of the various alternatives open to Deon for the purchase of coal?

Answered: 1 week ago

Question

★★★★★

In J. J. Thomsons first method (see Problem 3-46), the heat capacity of the beam stopper was about 5 x10 -3 cal/C and the temperature increase was about 2C. How many 2000 eV electrons struck the beam...

Answered: 1 week ago

Question

★★★★★

=+31. Gallup poll. The Gallup organization periodically asks the following question: If your party nominated a generally well-qualified person for president who happened to be a woman, would you vote...

Answered: 1 week ago

Question

★★★★★

This problem continues with the business of Pure Water, Inc., begun in the continuing problem in Chapter 1. Here you will account for Pure Water, Inc.s transactions using formal accounting practices....

Answered: 1 week ago

Question

★★★★★

int a [ 9 ] = { 1 , 2 , 3 , 4 , 5 , 6 3 5 , 6 4 , 7 , 8 } ;int calculateAverage ( int * input, int size ) { int i = 0 ; int n = 0 ; for ( i = 0 ; i Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Consider a large open-air pool as shown in the figure, from which a discharge pipe exits near the bottom. At the beginning of the discharge pipe, there is a venturi tube used to measure the flow rate...

Answered: 1 week ago

Question

★★★★★

Concept of Value Chain. The phrase "value chain" refers to all of the commercial activities and procedures that go into making a product or providing a service. A value chain can include all stages...

Answered: 1 week ago

Question

★★★★★

Calculate the following expressing all answers in lowest terms: 1. 777 = 2. 3 3-3 3. Find the first derivative: f(x) = 4x + 7 4. Find the first derivative: h(x) = 2 5. Find the first derivative: g(x)...

Answered: 1 week ago

Question

★★★★★

The average retirement age in America is 64 years old. Do small business owners retire at an older average age? The data below shows the results of a survey of small business owners who have recently...

Answered: 1 week ago

Question

★★★★★

The average accident on a certain road section is at 2.4 per day, what is the probability that there will be 12 accidents in a week? A bus company operates both a walk-in and online booking to...

Answered: 1 week ago

Question

★★★★★

Step 3: Analyze and document control plane logical configuration features. Analyze the configurations of the devices for control plane features such as routing protocols, First Hop Redundancy...

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: Differences, relationships, processes, patterns, contexts, symmetrical rela-tionships, complementary relationships, linear...

Answered: 1 week ago

Question

★★★★★

1. Discuss the following statement: Everything is seen, heard and said by a subject, and accordingly is subjective.

Answered: 1 week ago

Question

★★★★★

1. This chapter is designed to give the reader an understanding of how the way a problem is framed is crucial for how it is perceived, both by the recipient of a message and the person who wants to...

Answered: 1 week ago

Previous Question Next Question