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  3. 1-4 please :) thank you! use the following in

1-4 please :) thank you! Use the following information to...

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Finance

1-4 please :) thank you!
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Use the following information to solve for FOUR QUESTIONS BELOW. USE AT LEAST 4 DECIMALS FOR ACCURATE RESULTS. Six months ago, vou purchased 600 shares of stock on margin. The initial margin requirement on your account is 60% and the maintenance margin is 40%. The call money rate plus the spread is 5%. The purchase price was $15 per share. 1) How much did you borrow 6 months ago? That is what is the margin loan? +2) At what price (P) would you receive a margin cal? Today, you sold these shares for $17 each. 3) What is your new margin now? 4) What is your Effective Annual Return (EAR)? 52F ING 648 PM US $24/2001 MCILA 2 Type here to search DI E

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