- (16 points) You bought 400 shares of Apple on margin at the price of $80 (per share). The initial margin requirement i

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

- (16 points) You bought 400 shares of Apple on margin at the price of $80 (per share). The initial margin requirement i

Post by answerhappygod »

16 Points You Bought 400 Shares Of Apple On Margin At The Price Of 80 Per Share The Initial Margin Requirement I 1
16 Points You Bought 400 Shares Of Apple On Margin At The Price Of 80 Per Share The Initial Margin Requirement I 1 (12.49 KiB) Viewed 34 times
- (16 points) You bought 400 shares of Apple on margin at the price of $80 (per share). The initial margin requirement is 55% and the maintenance margin is 40%. The annual cost of the margin loan is 8%. Nine months later, you sold the shares of Apple at the price of $131 (per share). What was the return on your investment?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”