[Solved] You open a brokerage account on January 1

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 03, 2024

You open a brokerage account on January 1 and sell short 500 shares of Apple Computer at $163.39 per share. The initial margin requirement is

You open a brokerage account on January 1 and sell short 500 shares of Apple Computer at $163.39 per share. The initial margin requirement is 50%. What is the initial margin balance?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

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

Handbook Of Financial Intermediation And Banking

Authors: Anjan V. Thakor, Arnoud Boot

1st Edition

ISBN: 0444515585, 978-0444515582

More Books

Students also viewed these Finance questions

Question

★★★★★

Review Multiple-Concept Example 4 for background pertinent to this problem. A team of geophysicists is standing on the ground. Beneath their feet, at an unknown distance, is the ceiling of a cavern....

Answered: 1 week ago

Question

★★★★★

15. Why are pyramids common in many countries but not in the United States or United Kingdom?

Answered: 1 week ago

Question

★★★★★

=+For some other systems (gamblers call them "martingales"), see the problems. For most such systems there is a large chance of a small gain and a small chance of a large loss.

Answered: 1 week ago

Question

★★★★★

Technology often offers the potential of improving efficiency and effectiveness of transportation companies, but water carriers do not appear to have applied much new technology to improve their...

Answered: 1 week ago

Question

★★★★★

Gordon Company exchanged equipment and cash of $15,000 for similar equipment. The book value of the equipment was $50,000 and the fair value of the equipment was $60,000. Assuming that the exchange...

Answered: 1 week ago

Question

★★★★★

1. Raw materials inventory $ 74000 $ 58000 Work in process inventory 98000 110000 Finished goods inventory 100000 92000 During 2020, Waterway purchased $1450000 of raw materials, incurred direct...

Answered: 1 week ago

Question

★★★★★

Labor relations in HRM deals with: Question 10Answer a. complaints and arbitrations. b. conflict management c. settlement agreements d. All of the above

Answered: 1 week ago

Question

★★★★★

Indira is getting ready to shift from a building mindset to a learning mindset for her projects. What is the first thing she will do to prioritize learning? Select an answer: Debate that learning...

Answered: 1 week ago

Question

★★★★★

Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate...

Answered: 1 week ago

Question

★★★★★

The script should run every 30 minutes using a cron job under user "bill" and work exactly as described in the man page accompanying this exercise. When a zombie is detected a log message is appended...

Answered: 1 week ago

Question

★★★★★

Which bias helps to explain why people like to go to all-inclusive resorts, where the entire cost of the vacation is paid upfront, and guests don't have to pay for individual meals, drinks,...

Answered: 1 week ago

Question

★★★★★

2. What efforts are countries making to reverse the brain drain?

Answered: 1 week ago

Question

★★★★★

3. Explain the process of job evaluation and comment on how a points rating job evaluation scheme can contribute to perceptions of fairness from the point of view of employees.

Answered: 1 week ago

Question

★★★★★

3. In your view what are the ethical considerations when employing talented people from a third-world country?

Answered: 1 week ago

Previous Question Next Question