This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Kensington Company stock was selling at $132 a share when Charlotte sold 300 shares of the stock ... (Read 230 times)

yulisa3298

  • Full Member
  • ***
  • Posts: 146
on: Mar 29, 2022

Question 1

Justin just made a margin purchase of 100 shares of DEF Corp. for $22.50 per share. The initial margin is 70%. The maintenance margin is 30%. How low can the price of each share of DEF be before Justin will have to add equity to his account?
◦ $4.73
◦ $5.25
◦ $6.75
◦ $9.64

Question 2

Kensington Company stock was selling at $132 a share when Charlotte sold 300 shares of the stock short. Today Charlotte bought 300 shares of the same stock at a price of $140 per share to cover her position. Ignoring trading costs, what is the dollar return on Charlotte's investment?
◦ $2,400
◦ -$800
◦ $800
◦ $-2,400
Fundamentals of Investing ¦ Zutter, Smart ¦ 14th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by yulisa3298 on Mar 29, 2022

risolinick@gmail.com

  • Full Member
  • ***
  • Posts: 150
Reply #1 on: Mar 29, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 26% of students answer this correctly


Danial Harith 1255

  • Newbie
  • *
  • Posts: 1
Reply #2 on: May 17, 2022
thank you


Nur Izz Damia

  • Newbie
  • *
  • Posts: 1
Reply #3 on: May 17, 2022
thank you


« previous next »
 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

A British Bulldog shares a day at the park. A British Bulldog shares a day at the park.
Branched-chain amino acid oxidation, fatty acid b-oxidation, and the citric acid cycle share a commo Branched-chain amino acid oxidation, fatty acid b-oxidation, and the citric acid cycle share a commo
Offshore spawning stock biomass, Grand Bank Atlantic Cod since the early 1980s Offshore spawning stock biomass, Grand Bank Atlantic Cod since the early 1980s
Share of Hours Worked by Education Level, 1940–2008 Share of Hours Worked by Education Level, 1940–2008
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Identical twins (monozygotic twins) have the same sex and share a single genotype. Identical twins (monozygotic twins) have the same sex and share a single genotype.
Video: Blood Flow through the Human Heart

For a complete list of videos, visit our video library