Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 29, 2024

You purchased 500 shares of stock for $70 a share. The initial margin is 60 percent and the maintenance margin is 30 percent. What is

You purchased 500 shares of stock for $70 a share. The initial margin is 60 percent and the maintenance margin is 30 percent.

What is the maximum price that can occur before you receive a margin call?

$52.83

$44.43

$40.00

$41.68

$21.17

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

Personal Finance For Dummies

Authors: Eric Tyson

9th Edition

1119517893, 978-1119517894

More Books

Students also viewed these Finance questions

Question

★★★★★

At the end of March, Weber Productions accounting records reveal a balance for cash equal to $21,861. However, the balance of cash in the bank at the end of February is only $4,576. Weber is...

Answered: 1 week ago

Question

★★★★★

Consider the following information: Rate of Return If State Occurs State of Probability of Economy State of Economy Stock A Stock B Stock C Boom .20 .35 .45 .25 Good .45 .20 .16 .09 Poor .25 .02 .05...

Answered: 1 week ago

Question

★★★★★

=+CASE 1. s. By the first part of (7.30), A(r, s)=pA(2r, 2s). Since 2r and 2s have the form k/2", the induction hypothesis implies that A(2r,2s) 0.

Answered: 1 week ago

Question

★★★★★

In Problem S1-8, if Wiley Publishing is able to assign probabilities of occurrence of 0.23 to unfavorable market conditions, 0.46 for the same market conditions, and 0.31 for favorable market...

Answered: 1 week ago

Question

★★★★★

think of correction journal entry for each error scenario identify the accounts, amounts, and direction of change Acct 310: Fall 2019 (please complete prior to class on Friday 06 September)...

Answered: 1 week ago

Question

★★★★★

John Collins owns 100 percent of the shares of Collinsboy Ltd.His wife, Kneada Collins, owns 100 percent of the shares of Cyprus Ltd. and 100 percent of the shares of Virtus Inc.Which of the...

Answered: 1 week ago

Question

★★★★★

The following data were gathered to use in reconciling the bank account of Donovan Company: Balance per bank $9,945 Balance per company records 9,295 Bank service charges 35 Deposit in transit 2,135...

Answered: 1 week ago

Question

★★★★★

Using the below wireshark file. I need explanations how to find/filter those information, not just answers. https://cs6035.s3.amazonaws.com/MITM/mitm_spring2024.pcap Task 1.1: What is the server...

Answered: 1 week ago

Question

★★★★★

Meranti Sdn Bhd has analysed the costs of producing and selling 5,000 units of its only product to be: Direct materials RM 60,000 Direct labour 40,000 Variable factory overhead 20,000 Fixed factory...

Answered: 1 week ago

Question

★★★★★

During last assignment, you did such an amazing job with Frank's finances, that he is retaining you as his financial consultant. Thanks to you, Frank's financial house is in excellent order. He is...

Answered: 1 week ago

Question

★★★★★

Determine the total mass of the horizontal beam when the mass of the beam is 37.5kg/m. Determine also the force resultant affecting the tilted rope when angle =30 5.6 m 2.4 m B Tilted rope- 250kg

Answered: 1 week ago

Question

★★★★★

3. What constructive coping skills do you want to develop or enhance? Do you want to, for example, start exercising more, learn meditation, manage your time better, develop a new hobby or activity,...

Answered: 1 week ago

Question

★★★★★

3. If some adjustments are in order, then first consider how you might eliminate some activities or time spent on doing things that are less important or out of balance. Then identify some specific...

Answered: 1 week ago

Question

★★★★★

3. Where and how would you begin to work toward getting such an innovation implemented? What factors do you think will support its adoption? What might be the significant barriers?

Answered: 1 week ago

Previous Question Next Question