Suppose you purchase 100 shares of a stock on january 1st, Finance Basics

+44 141 628 6080
[email protected]

Suppose you purchase 100 shares of a stock on january 1st

Question: Please walk me through the following question (the answer is 29.3%):

Suppose you purchase 100 shares of a stock on January 1st for $50/share with $3000 of your own money and $2000 borrowed from your broker at 6%. The stock doesn't pay dividends. The broker requires a maintenance margin percentage of 35%. If the stock price hits $30 on December 31st, then then the margin percentage in your account falls to______ and you will get a margin call.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Suppose you purchase 100 shares of a stock on january 1st

Reference No:- TGS02582584

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Explain how the shape of the yield curve influences the

explain how the shape of the yield curve influences the theoretical price of a treasury bond futures

Q : Pantry the accompanying graph shows the distribution of

pantry the accompanying graph shows the distribution of data on whether offices in a district have pantriesa 1

Q : If you had a businesshow do you think social responsibility

if you had a businesshow do you think social responsibility would fit into your business plan my bussiness plan is to

Q : How is the theoretical futures price of a treasury bond

how is the theoretical futures price of a treasury bond futures contract affected by the delivery options granted to

Q : Suppose you purchase 100 shares of a stock on january 1st

question please walk me through the following question the answer is 293suppose you purchase 100 shares of a stock on

Q : Increase in accounts receivable 10000 compute net cash

question - keyser beverage company reported the following items in the most recent yearnet income 40000dividends paid

Q : What are the delivery options granted to the seller of the

what are the delivery options granted to the seller of the treasury bond futures

Q : Adoptions the table gives information on the top five

adoptions the table gives information on the top five countries from which us residents adopted children in 2007sketch

Q : Explain the asymmetric effect on the variation margin and

explain the asymmetric effect on the variation margin and cash flow for the short and long in an interest-rate futures

1923325

Questions
Asked

3,689

Active Tutors

1418576

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Which of the things happened first

Which of the following things happened first? Group of answer choices Women gained the right to vote Seneca Falls Convention Margaret

How the major schools of thought within sociology

Question: Discover how the major schools of thought within sociology explain social stratification.

How is it rational for the owner of a factory or plantation

How is it rational for the owner of a factory or plantation to work his laborers to death or disability when they can easily be replaced cheaply?

How code of suburbs differs from the code of street

Q1. Explain how the Code of the Suburbs differs from the Code of the Street? Q2. Explain your general thoughts on the book.

Which are forms of media bias

Question: Which of the following are forms of media bias? (Select all that apply)

Identify problems and concerns that contributed

Identify problems and concerns that contributed to the many race-related protests and unrest during the 2020 year.

Statement about political systems controlled by men

Multiple Choice Question Identify a true statement about political systems controlled by men. Multiple choice question.