1. The current exchange rate between the U.S. dollar and the Japanese yen is 113?(yen/$). That? is, 1 dollar can buy 113yen. How many dollars would you get for 800 Japanese? yen?
2. An investor recently sold some stock in a European company that was worth 20,000euros. The? US$/euro exchange rate is currently 1.305. meaning that 1 euro buys 1.305 dollars. How many U.S. dollars will the investor? receive?
?3. Assume that an investor buys 100 shares of stock at $ 53 per? share, putting up a 58 % margin.
a. What is the debit balance in this? transaction?
b. How much equity capital must the investor provide to make this margin? transaction?
4. Assume that an investor buys100 shares of stock at $ 54 per? share, putting up a 55 % margin. If the stock rises to $ 61 per? share, what is the? investor's new margin?position? If the stock rises to $ 61 per? share, the? investor's new margin position is?
5. An investor short sells 100 shares of a stock for $19 per share. The initial margin is 51?%. How much equity will be initially required in the account to complete this?transaction? In other? words, what is the initial margin? deposit?
6. An investor short sells 400 shares of a stock for $ 20.26 per share. The initial margin is 55%?, and the maintenance margin is 25%. The price of the stock rises to $ 28.49 per share. What is the? margin, and will there be a margin? call?