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Assume that initial margin requirement is 60% of the total investment and a maintenance margin requirement is 30% of the total investment for long position and 35% of the total investment for the short position. Answer the following questions (a) & (b) based on this info, but independent of each other. (a.) You have purchased 400 shares of stock at $60 per share on margin and you sent a check to your broker for required margin. If the stock drops to $25, what will be your actual margin? At what price will you have a margin call? (b.) You have sold short 500 shares of investor's company's stock at $70 per share and you have deposited $21,000 in your account, with your broker. If price of this stock rises, at what stock price may you get margin call? Can you please show the formulas for each step and what they mean?
A Japanese company has a bond outstanding that sells for 89 percent of its ¥100,000 par value. The bond has a coupon rate of 4.8 percent paid annually and matures in 19 years. What is the yield to maturity of this bond?
Eads Industrial Systems Company (EISC) is trying to decide between two different conveyor belt systems. System A costs $538,000, has a 4-year life, and requires $133,000 in pretax annual operating costs. System B costs $630,000, has a five-year life,..
Camilia plans to go for vacation to Australia in 11 years from now. She estimates that she will need 29,358 for the trip. How much does she need to place in a savings account today that earns 6.89% per year (compounded quarterly) to accumulate this a..
Write a DETAILED analysis and comparison of the income statement items and differences between the two. Be sure to explain why the common-size statement is helpful in this analysis.
Barton Simpson, the chief financial officer of Broadband, Inc., could hardly believe the change in interest rates that had taken place over the last few months. The interest rate on A2 rated bonds was now 6 percent. Compare the price in part A to the..
Travis invested $9,250 in an account that pays 6 percent simple interest. How much more could he have earned over a 7-year period if the interest had compounded annually?
Grand Adventure Properties offers a 6 percent coupon bond with annual payments. The yield to maturity is 4.85 percent and the maturity date is 7 years from today. What is the market price of this bond if the face value is $1,000?
Mittal Corp forecasts dividends of $1.50 one year from now, $2.20 two years from now, $2.60 three years from now, followed by growth in the dividend of 5% per year forever after that. The required return on the stock is 9%. Your estimate of Mittal's ..
Quetzalcoatl and Tonantzin each take out a 17-year loan of $L. Quetzalcoatl repays his loan using the amortization method, at an annual effective rate of i. He makes an annual payment of $500 at the end of each year.
What will the cost of the vehicle be at the end of three years and you want to save a equal amount at the end of each month for the next three years in order to pay cash for the new vehicle.
You are buying a house and will borrow $220,000 on a 25-year fixed rate mortgage with monthly payments to finance the purchase. Your loan officer has offered you a mortgage with an APR of 4.50 percent. What are the most points you would be willing to..
Which of the following statements about opportunity costs is incorrect?
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