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

Question

1 Approved Answer

You purchased 200 shares of Amazon.com common stock on margin at $140 per share. Assume the initial margin is 0.60. You received a margin call

You purchased 200 shares of Amazon.com common stock on margin at $140 per share. Assume the initial margin is 0.60. You received a
margin call when the share price dropped to $93. What is your maintenance margin requirement (MMR)?
Please submit 2 decimal places (not a percentage).

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

Sport Finance

Sport Finance

Authors: Gil Fried, Steven Shapiro, Timothy D. Deschriver

2nd Edition

0736067701, 978-0736067706

More Books

Students also viewed these Finance questions

Question

★★★★★
Given here are the solidus and liquids temperatures for the copper-gold system. Construct the phase diagram for this system and label each region. Composition (wt% Au) Solidus Temperature (C)...

Answered: 1 week ago

Question

★★★★★
The distribution function of a continuous random variable X is given by (i) Calculate the probabilities P(X 3), P(X 1), P(1 X 3). (ii) Calculate the conditional probabilities P(X 3|X 1), P(X ...

Answered: 1 week ago

Question

★★★★★
Use the data in the following table to a. Prepare a frequency distribution of the respondents ages b. Cross-tabulate the respondents genders with cola preference c. Identify anyoutliers Weekly Unit...

Answered: 1 week ago

Question

★★★★★
Item4 10 points eBookReferencesCheck my workCheck My Work button is now disabledItem 4 Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming...

Answered: 1 week ago

Question

★★★★★
On May 1 Ralph offers to cure and smoke Sam's pork, and promises to keep the offer open until June 1. On May 3 Ralph mails Sam a letter revoking the offer. Sam receives and reads the letter on May 5...

Answered: 1 week ago

Question

★★★★★
Case 1: Effect of transactions on accounting equation. On August 1 Joseph set up Exacta Reprographic Company. The following transactions took place during the first month: a) Joseph deposited 70,000...

Answered: 1 week ago

Question

★★★★★
Some firms swear by unorthodox interview methods. For example, Tech Planet, of Menlo Park, California, uses weekly lunches and wacky follow-up sessions as substitutes for first-round job interviews....

Answered: 1 week ago

Question

★★★★★
For the jobs of security guard, and valet, develop five additional situational, five behavioral, and five job knowledge questions, with descriptive good/average/poor answers.

Answered: 1 week ago

Question

★★★★★
Working individually or in groups, develop a short, programmed learning program on the subject Guidelines for Giving a More Effective Lecture.

Answered: 1 week ago

Previous Question Next Question