Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. dee trader opens a brokerage account and purchases

Dee Trader opens a brokerage account and purchases 200 shares of Internet Dreams at 512...

50.1K

Verified Solution

Question

Finance

image
image
Dee Trader opens a brokerage account and purchases 200 shares of Internet Dreams at 512 per share. She borrows $3,800 from her broker to help pay for the purchase. The interest rate on the loan is 12% Required: What is the margin in Dee's account when she first purchases the stock? Margin b. If the share price fols to $31 per share by the end of the year, what is the remaining margin in her account? Remaining margin c. If the maintenance margin requirement is 30%, will she receive a margin call? Yes No d. What is the rate of return on her investment? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Rate of retum (5317

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

A cup of coffee from Starbucks cools at a rate of 2 1 per minute...

Basic Math
Q

3. Using the framework outlined in the textbook, evaluate the segment attractiveness. Explain how a \"hiking...

Operations Management
Q

Select a process you perform daily, but would like to spend less time doing: COOKING DINNER Design...

General Management
Q

In the triangle below suppose that mZB x 6 mZC 4x 2 and mZD 3x...

Geometry
Q

Is parallelogram PQRS a square Q R 94 T S P

Geometry
Q

5 Simplify OA x 4 O 0 B C D x 2 x 6x 16...

Basic Math
Q

Solve for t 0 t 2 24 sin t cos t 6 sin t t...

Basic Math
Q

Convert 67F to degrees Celsius.If necessary, round your answer to the nearest tenth of a...

Basic Math
Q

Find the value of x x 0 X X 3

Calculus
Q

Introduction: "Our objective is clear" said Janet Knox, Vice President for the War Eagle Railroad...

Accounting
Q

Fulbright Core uses the periodic inventory tem. During its first year of operations. Puteht made...

Accounting
Q

Simple Works had the following information related to its inventory during 2012. Beginning inventory 200...

Accounting