Question: 3 0.33 points eBook Print References Additional Propiem 3-3 Suppose that you just purchased 100 shares of Talk&Tell stock for $50 per share. Required: a.

3 0.33 points eBook Print References Additional Propiem 3-3 Suppose that you just purchased 100 shares of Talk&Tell stock for $50 per share. Required: a. If the initial margin requirement is 65.50%, how much money must you borrow? (Round your answers to 2 decimal places.) Amount borrowed Stock $ b. Construct the balance sheet that corresponds to the transaction described in requirement a.. (Do not round intermediate calculations. Round your answers to the nearest whole dollars.) Total assets 7,500.00 Assets Liabilities and Equity Loan from broker Equity Total liabilities and equity $ 7,500

Maqitional rropiem ss Suppose that you just purchased 100 shares of Talk\&Tell stock for $50 per share. Required: a. If the initial margin requirement is 65.50%, how much money must you borrow? (Round your answers to 2 decimal places.) b. Construct the balance sheet that corresponds to the transaction described in requirement o. (Do not round intermediate calculations. Round your answers to the nearest whole dollers.)

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