Todd purchased 600 shares of stock at a price of $68.20 a share and received a dividend of $1.42 per share. After six months, he resold the stock for $71.30 a share. What was his total dollar return?

Question 8

You purchase 275 shares of 2nd Chance Co. Stock on margin at a price of $53. Your broker requires you to deposited $8,000.what is your margin loan amount? What is the initial margin requirement?