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

Question

1 Approved Answer

You borrowed 100 shares of IBM from your broker and sold them at the price of %145 per share. You put in $8700 in cash

You borrowed 100 shares of IBM from your broker and sold them at the price of %145 per share. You put in $8700 in cash buffer. A day later, the price per share drops to 138. The margin in your account at that time is____.

A. 68.12%

B. 54.35%

C. 23.45%

D. 78.125

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 Statistics A Decision Making Approach

Business Statistics A Decision Making Approach

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

9th Edition

013302184X, 978-0133021844

Students also viewed these Finance questions

Question

Here is a copy of Schedule D and Form 8949 for completing the required assignment,Instructions for all IRS forms are a great resource and can be found at www . irs .gov. Here are links to...

Answered: 1 week ago

Question

Here is a copy of Schedule D and Form 8949 for completing the required assignment,Instructions for all IRS forms are a great resource and can be found at www . irs .gov. Here are links to...

Answered: 1 week ago

Question

Here is a copy of Schedule D and Form 8949 for completing the required assignment,Instructions for all IRS forms are a great resource and can be found at www . irs .gov. Here are links to...

Answered: 1 week ago

Question

★★★★★
The main ingredient of vinegar is acetic acid (HAc) that will dissociate into acetate (Ac - ) and hydrogen ion (H + ) in water: HAc < = > Ac - (aq) + H + (aq) . K HAc(room temp) = 1.8x10 -5 ....

Answered: 1 week ago

Question

★★★★★
Ortiz Company produced 10,000 units during the past year but sold only 8,500 of the units. The following additional information is also available: Direct materials used...

Answered: 1 week ago

Question

★★★★★
3. YOU BE THE JUDGE WRITING PROBLEM Kuhn Farm Machinery, a European company, signed an agreement with Scottsdale Plaza Resort, of Arizona, to rent 190 guest rooms for its North American dealers'...

Answered: 1 week ago

Question

★★★★★
Briefly describe Aristotles four kinds of causation.

Answered: 1 week ago

Question

★★★★★
Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed inventory and cost of goods sold using FIFO for comparison purposes. 1. Compute its current...

Answered: 1 week ago

Question

★★★★★
Exercise E-3 Cash receipts journal-perpetual LO P1 Ali Co. uses a sales jounal, a purchases journal, a cash receipts jourmal, a cash disbursements journal, and a general journal. The following...

Answered: 1 week ago

Question

★★★★★
Cranberry Manufacturing Company is considering an asset replacement project of replacing a control device. This old control device has been fully depreciated but can be sold for $4,000. The new...

Answered: 1 week ago

Question

★★★★★
6-2 Building Industry-Recognized Skills Submission: Power BI Series A PivotTable is used for

Answered: 1 week ago

Question

★★★★★
At the beginning of your project, you solicit bids from vendors to select the one that is best for the project. Which procurement document should you prepare to fulfill this task? 1 point Request for...

Answered: 1 week ago

Question

★★★★★
Differentiate the Simons, R. (2000) typology of capital investment types, clearly providing relevant examples and cases to enhance your discussion.

Answered: 1 week ago

Question

★★★★★
The "Designing Organizations That Are Built to Change" reading makes the case that all employees, not just managers, must actively observe and report on market trends and propose opportunities. Group...

Answered: 1 week ago

Question

★★★★★
Hornbeck Company issued 100,000 bonds payable with a 7% interest rate at a price of 97. The journal entry to record the issue of the bond includes what?

Answered: 1 week ago

Question

★★★★★
AllCity, Inc., is financed 45% with debt, 8% with preferred stock, and 47% with common stock. Its pretax cost of debt is 5.7%, its preferred stock pays an annual dividend of $2.51 and is priced at...

Answered: 1 week ago

Question

★★★★★
In Exercises, find the equation of the tangent line at the given point on each curve. 2y 2 - x = 4; (16, 2)

Answered: 1 week ago

Question

★★★★★
A critic of state unemployment insurance programs stated that "unemployment insurance programs are designed to maintain economic security for unem- ployed workers, but several critical problems must...

Answered: 1 week ago

Question

★★★★★
Explain the following tort liability problems: Medical malpractice crisis Corporate fraud and lax corporate governance Increase in asbestos lawsuits

Answered: 1 week ago

Question

★★★★★
Explain the following legal defenses that can be used in a lawsuit: Contributory negligence Comparative negligence Assumption of risk Last clear chance rule

Answered: 1 week ago

Previous Question Next Question