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You opened a brokerage account and purchased 300 shares of TGT for $90 per share and deposit initial margin of 50%. The next day, TGT's
You opened a brokerage account and purchased 300 shares of TGT for $90 per share and deposit initial margin of 50%. The next day, TGT's price drops to $85 per share. What are your actual margin and rate of return for this investment? a) 47.06%;-11.11% b) 53,07%;-5.55% c) 25.32%;-8.77% d) 50.67%;-11.11% e) 47.06%;-5.55% Company's approved registration statement by SEC is called a) a best-efforts agreement. b) a red herring. c) a firm commitment agreement d) a competitive bid agreement. el the prospectus. Minnesota Co. sold 500,000 shares in an IPO. The offering price for the shares was $20, but immediately after it was issued, the share price jumped to $22. Minnesota Co. paid a commission fee of $180,000 to its underwriter. How much is the money left on the table implicit cost)? a) $1,000,000 O b) $500,00o C) $180,000 d) $1,180,000 e) None of the options Consider the following limit order book of a specialist. The last trade in the stock occurred at a price of $66. If a market sell order for 100 shares come in, at what price will it be filled? Limit Buy Orders Price $65.69 100 $65.45 200 Limit Sell Orders Price Shares $66.35 100 $66.50 300 Shares a) $65.45 b) $66.35 c) $66.50 d) Will not be executed e) $65.69
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