QUESTION 11 You borrowed 100 shares of IBM from your broker and sold...
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Finance
QUESTION 11
You borrowed 100 shares of IBM from your broker and sold them at the price of $145 per share. You put in $8700 in cash buffer. A day later later, the price per share drops to 138. The margin in your account at that time is_____________
68.12%
54.35%
23.45%
78.12%
0.3 points
QUESTION 12
You put in $7,000 and borrow $2,000 from your broker to purchase 50 shares of Disney at the price of $180 per share on margin. What is the initial margin?
0.68
0.83
0.78
0.45
0.3 points
QUESTION 13
The buyer of a new home is quoted a mortgage rate of .2% per month. What is the APR on the loan?
.50%
6%
2.4%
3.2%
0.3 points
QUESTION 14
Suppose you pay $985 for a $1000 par Treasury bill maturing in 3 months. What is the holding-period return for this investment?
3.01%
1.52%
2.68%
1.36%
0.3 points
QUESTION 15
What is the geometric average return of the following quarterly returns: 3%, 5%, -4%, and 6%?
3.16%
4.74%
2.42%
1.28%
0.3 points
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