You purchase 600 shares of 2nd Chance Co. stock on margin at a price of $28. Your broker requires you to deposit $10,000.
1. What is your margin loan amount? (Do not round intermediate calculations. Omit the "$" sign in your response.) Margin loan $
2. What is the initial margin requirement? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
Margin requirement %
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You purchase 600 shares of 2nd Chance Co. stock on margin at a price of $28. Your broker requires you to deposit $10,000. 1. What is your ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Researchers now recognize three major types of behavior that constitute performance at work. Which of the following are these three major types of behavior?
Answers (1)
Which of the following are differences between a bond and a common stock? (Select all that apply.) A. A corporation has to pay all bondholders before paying stockholders. B. A corporation has to pay all stockholders before paying bondholders. C.
Answers (1)
As the case indicated, over time some stores had stockouts of popular merchandise while other stores were overstocked with the same item. This could lead to disagreements between the stores and Zara's corporate headquarters, which is a form of
Answers (1)
A. Car owners purchase more gasoline from a gas station that sells gasoline at a lower price than other rival gas stations in the area. B.
Answers (1)
Red Builders agrees to construct a new building for Blue Co. for a total contract price of $6,000,000. The estimated construction costs at inception was $4,000,000. The construction project was completed after two years.
Answers (1)
New Questions in Business
What type of driver's license is class A
Answers (2)
Amalgamation can be expressed as A+B+C=A True Or False ?
Answers (2)
List and explain the four factors of production, stating their reward.
Answers (1)
After resisting a strong temptation to overeat during a lengthy but sumptuous all-you-can-eat buffet dinner, jason was unable to resist the temptation to drink too much alcohol during an important after-dinner business meeting.
Answers (1)
A market:A. reflects upsloping demand and downsloping supply curves. B. entails the exchange of goods, but not services. C. is an institution that brings together buyers and sellers. D. always requires face-to-face contact between buyer and seller.
Answers (1)