You purchased stock worth $10,000 on margin (50 percent). Now the value of your stock has declined

Fantastic news! We've Found the answer you've been seeking!

Question:

You purchased stock worth $10,000 on margin (50 percent). Now the value of your stock has declined to $5500 and you receive a margin call. How much cash do you need to bring the margin back to the minimum level?

a. $2000

b. $4500

c. $2250

d. $5000

Every individual that earns employment income is required to file a personal income tax return.

True/ False

Related Book For answer-question

Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

See More Books

Posted Date: Jun 19, 2022 12:28 PM

See More Questions

Last Sale Net Bid Ask Open Int Puts Last Sale Net bid Ask Vol Open Int 16Aug 155.00(1619H155-E) 6.45 0.75 6.95 7.25 9 16Aug 155.00(1619T155-E) 1.18 (0.75) 1.17 1.25 61 4505 16Aug 166.00(1619H160-E)...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Exporting files into binary files is done in O Logical files O Physical backup O Physical full backup O Physical partial backup L
Examine the following transactions and identify those that create expenses for Thomas Services. Prepare general journal entries to record those expense transactions and explain why the other...
Dale purchased a retirement annuity paying $1800 every 6 months for 20 years. If interest is 4.6% compounded monthly, how much did Dale invest in the annuity?
Comparison of Alternatives Darlene Pages grandparents want to give her some money when she graduates from high school. They have offered Darlene three choices: a. Receive $16,000 immediately. Assume...
Brice Co. completed the following transactions in 2016, the first year of operation: 1. Issued 40,000 shares of no-par common stock for $10 per share. 2. Issued 8,000 shares of $20 par, 6 percent,...
Longstreet Communications Inc. (LCI) has the following capital structure, which it considers to be optimal: debt = 25%, preferred stock = 15%, and common stock = 60%. LCIs tax rate is 40 percent and...
A commercial real estate investment fund must report its quarterly investment performance to investors. A summary of its (1) beginning and end-of-quarter assets and equity and (2) cash inflows and...
Synthesis of the Firms Performance Throughout The report should present a complete and convincing explanation of the firms performance (in all its relevant dimensions) across rounds. In this sec
Internal auditors can satisfy themselves about the reliability of a computer system before engaging in computer-assisted audits, through: a. Discussions with systems analysts. b. Examination of the...
Discuss three factors that internal audit sup)ervisors should consider when overseeing staff auditors on internal audit assignments.
What are examples of items employees might voluntarily choose to have deducted from their pay?
What do you consider to be the major objective of internal auditing?
Control over working papers involves: a. Cooperating with the auditee by granting unlimited access to the working papers. b. Permitting review by external auditors only. c. Placing the working papers...
q8a Find THREE different decimal numbers that fit this entire collection of clues The numeral has NO trailing Os The leftmost and rightmost digits are equal but no other digits are repeated There are...
What exactly is a prima facie duty? How does an ethic of prima facie duties differ from monistic and absolutist ethical theories?
The Altoona Company issued a 25-year bond 5 years ago with a face value of $1,000. The bond pays interest semiannually at a 10% annual rate. a. What is the bonds price today if the interest rate on...
Assume that Meade Metals Inc. of the previous problem is replacing an old truck with a new one instead of replacing an outside delivery service. The old truck was purchased eight years ago for...
The company president is reviewing the performance and budget of the marketing department with the vice president of marketing. Should that be a one-on-one meeting, or should the CFO be present? Why?...
What do budgets have to do with control? R-3
What were the five uses of budgets that were identified in the chapter? R-2
What is a budget committee? What purpose does it serve? R-4

You purchased stock worth $10,000 on margin (50 percent). Now the value of your stock has declined

Question:

Expert Answer:

ANSWER b 4500 TRUE OR FALSE True CALCULATION 10000 5500 4500 EXPLANAT... View the full answer

Practical financial management

Students also viewed these accounting questions