1.you just bought 100,000 shares of Exxon mobil stock on a margin, your purchase price was $...
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Question:
1.you just bought 100,000 shares of Exxon mobil stock on a margin, your purchase price was $ 400 per share. the initial margin requirement is 50% and the stock does not pay dividends. If your maintenance margin is 30%, at what price will you receive a margin call?
2.you just purchased a T-bill with a face value of $500,000, you paid $475,000, and there 160 days to maturity?
what is the effective annual yield (EAY) on your T-bill?
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