+1-415-670-9189
info@expertsmind.com
Find the number of purchased share
Course:- Finance Basics
Reference No.:- EM1349793




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Finance Basics

Use the information below for the following 3 problems. Thanks for your help!
***************************
1. Jackie has a margin account with a balance of $45,000. If initial margin requirements are 50 percent and Turtle Industries is currently selling at $50 per share: How many shares of Turtle can Jackie purchase?
a. 1,800
b. 100
c. 900
d. 10,000
e. None of the above

2. Use the same data: What is Jackie's profit if Turtle's price rises to $60?
a. $12,000
b. $18,000
c. $22,000
d. $25,750
e. $28,570

3. Use the same data as the previous questions. If the maintenance margin is 30 percent, to what price can Turtle Industries fall before Jackie receives a margin call?
a. $21.75
b. $23.17
c. $32.42
d. $35.71
e. None of the above

 




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Finance Basics) Materials
What is each project's MIRR at the cost of capital of 10%? At 17%? (Hint: Consider Period 7 as the end of Project B's life.) What is the crossover rate, and what is its signif
Suppose the firm uses straight-line depreciation for tax purposes (so that the cost of refurbishing is completely depreciated over ten years) and pays 35% in corporate incom
Because of inflation, Jake expects the price at which he can sell the trees to increase by 3% per year. What price does he expect to receive if he keeps the trees until they r
Using the data provided in the case, provide an assessment of GMCR's performance that includes an analysis of operating, investing and financing decisions. What in your view
The Radio Shop sells two popular models of portable sport radios, model A and model B. The sales of these products are not independent of each other (in economics, we call t
List the factors that affect currency call option premiums and briefly explain the relationship that exists for each. Do you think an at-the-money call option in euros has a h
Suppose automated equipment is added that increases fixed costs by $20,000 per month. How much will total variable cost have to decrease to keep the breakeven point the same
You short $50,000 worth of Apple stock and buy $50,000 worth of Microsoft stock. You place $25,000 of your own money into your account as margin and this money is invested