Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. assume you purchased 200 shares of abc common stoc

Assume you purchased 200 shares of ABC common stock on margin at $30 per share...

60.1K

Verified Solution

Question

Finance

Assume you purchased 200 shares of ABC common stock on margin at $30 per share
from your broker. If the initial margin requirement is 60%, the maximum amount you
could borrow from the broker is
a.3600
b.10000
c.2100
d.2400
Clear my choice
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

“Mirror, mirror on the wall, who is the fairest one of all?” Thoroughly describe the anatomy...

Medical Sciences
Q

Sociological understanding 1.Why does gender might be associated with educational aspirations? 2.Why do you think gender might be...

Psychology
Q

case study related to \"lifting Hazards to human body in workplace\"

Mechanical Engineering
Q

  Thapar theatre company needs to determine the lowest cost production budget for an upcoming theatre...

Advance Math
Q

5 6 7 8 7 8 9 7 8 9 10 6 7 8 9...

Geometry
Q

The graph of f x x 1 x 5x 6 is shown Select the zero...

Algebra
Q

18. The cost to a company of a stock-based compensation plan is measured at base...

Accounting
Q

Problem 16-1 Cygrom Delivery is a small company that transports business packages between Denver and...

Accounting
Q

Kennedy's Company's statement of cash flows reported cash inflows from operating activities of $80,000 and...

Accounting
Q

QUESTION 1 Non-routine operating decisions can be made following a general process. Steps in the...

Accounting
Q

Walter Co.'nun 2. Yl mali ylsonu mali tablolar, 55.743 milyon $ gelir, 9.954 milyon $...

Finance
Q

1. If a company adds 60 new workstations at a cost of $100,000 each and...

Accounting