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

Question

1 Approved Answer

Suppose you have $1231 in cash in a trading account with a 58 percent initial margin requirement. What is the largest order you can place

image text in transcribed
image text in transcribed
Suppose you have $1231 in cash in a trading account with a 58 percent initial margin requirement. What is the largest order you can place (ignoring commission)? Suppose you bought 102 of stock at price of $30.6. The stock paid $0.46 per share during the year and the price was $26.3 at the end of the year. Compute the total dollar return on your investment

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

Fundamentals Of Corporate Finance

Fundamentals Of Corporate Finance

Authors: Stephen A Ross, Randolph W Westerfield, Bradford D Jordan

7th Edition

0073134295, 9780073134291

More Books

Students also viewed these Finance questions

Question

★★★★★
Which of the following actual government programs show up as costs in the federal budget? The Department of Labor mandates the minimum wage for workers. The Environmental Protection Agency mandates...

Answered: 1 week ago

Question

★★★★★
Refer to the Racquetball Racket case. Review the problem statement and influence chart that were generated for this case in conjunction with the corresponding exercises in Chapter 2. (If this has not...

Answered: 1 week ago

Question

★★★★★
3. Give short, clear directions before, not during, transitions.

Answered: 1 week ago

Question

★★★★★
Colwyn buys a 10% corporate bond with a current yield of 6%. When he sells the bond 1 year later, the current yield on the bond is 7%. How much did Col make on this investment?

Answered: 1 week ago

Question

★★★★★
You have signed up for weekly contributions of 6% into your company 401k. If you neglect to select an investment option, where will your money be invested?

Answered: 1 week ago

Question

★★★★★
Problem 2 6 - 1 2 Valuing financial leases Imagine yourself in the position of Thomas Pierce III, president of Greymare Bus Lines. Your firm was established by your grandfather, who was quick to...

Answered: 1 week ago

Question

★★★★★
Which of the following statements IS NOT true for a stone attached to a string and swung in a uniform vertical circular motion? 1. The magnitude of resultant force acting on the stone changes...

Answered: 1 week ago

Question

★★★★★
Identify an example of a vision statement for an automobile manufacturing company. Multiple choice question. To offer the best luxury cars in the country To increase the number of workers in the...

Answered: 1 week ago

Question

★★★★★
a project is partially complete. the work package estimate was$297000,the contingency reserve is 34.5% and the management reserve is38.5% of the baseline. There are 2 approved change request based on...

Answered: 1 week ago

Question

★★★★★
Ashanti has one full year to go before she graduates and begins interviewing. Which step is most helpful for Ashanti toward her formal preparation for job hunting? Multiple Choice Select course...

Answered: 1 week ago

Question

★★★★★
Natalia is in her final semester at college, and wishes to prepare to secure a full - time Web developer position upon graduation. She believes potential employers will be favorably impressed by the...

Answered: 1 week ago

Question

★★★★★
1. Too reflect on self-management

Answered: 1 week ago

Question

★★★★★
Food supply

Answered: 1 week ago

Question

★★★★★
What is to be achieved for the individual is based on the companys needs.

Answered: 1 week ago

Previous Question Next Question