Question: can someone help, I thought the right answer was $8000 but its telling me its wrong Assume you purchased 200 shares of GE common stock

can someone help, I thought the right answer was $8000 but its telling me its wrong

can someone help, I thought the right answer was $8000 but

Assume you purchased 200 shares of GE common stock on margin at $100/share using 40% margin. How much did you borrow from your broker? a) $6,000 b) $4,000 c) $3,000 d) $8,000 e) $12,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Hi, I need help with this document. It is due 06/06/2017 11:59, Please help me! Project Six: Acquisition Contingencies Background In 2011, a construction materials manufacturing company (Construct)...

pleas I need some help with this case study Henri Boulangerie: Creating and Using a Master Budget BACKGROUND PART I: CREATING THE BUDGET MEETINGS WITH DIVISIONAL MANAGERS Henri Boulangerie is a...

Please provide a page and a half paper to answer the following question: Major factors company should be aware of/evaluate regarding future investments projects. Use the attachments to answer the...

CASE STUDY Fund Voting in a Proxy Fight Institutional activism takes many forms, as we have seen. In most situations, mutual funds are drawn into the fray by the actions of others. Company management...

Hi Vjvgoe, Are you able to help me with this problem please? I would need to see it 7/16/17 since it's due that same week but I will put the deadline on 7/29/17. I have attached all of the...

This question is "For Anagarwal". I have 5 cases I need the answer next Tuesday please. They are ethical accounting cases. I need the first 4 less than one page and the last one more than one page. I...

Executive Memorandum (EM) Guidelines Prepare an executive summary of the papers that is only one page long.The assignment should be typed in Word, font size 11 double spaced, with minimum margins of...

Hi, i have a master budget assignment, can you help me to complete this assignment, because i have no idea how to do it. Please provide the complete answer for this assignment. The assignment and...

PLEASE HELP WITH SCHEDULE D, 1125A AND 1120 AND ARE MY CALCULATION RIGHT. Page 2 Form 8949 (2019) Attachment Sequence No. 12A Name(s) shown on return. Name and SSN or taxpayer identification no. not...

please see attachment for instructions,Only the following budget spreadsheets are to be included: Sales, Collections, and Production. Be sure to use Word Wrapping, Alignment, and Punctuation for...

Let's consider an engine experiencing a cycle, as shown in Fig. 1. The engine works with an inert ideal monatomic gas at T = 300 K, P, = 10 Pa, V, = 0.5 m', P2 3P1, and V3 = 2V1. (a) Find work done...

Hospital XYZ has the following data measuring patient satisfaction levels with the patients length of stay and their number of prior hospital admissions the past five years. a. Calculate MSE and...

Find antiderivatives.intgral x / sqrt ( 1 + 4 x ^ 2 ) dx

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

1-1 How are information systems transforming business, and why are they so essential for running and managing a business today?

As stated in the case, Therese strongly believes that the changes she was seeking for women in the workplace, were the dual responsibility of organizations and women themselves. Critically evaluate...

Research provides evidence that organisations that invest in Diversity and Inclusion are more innovative in the long run and outperform organisations that do not. Critically evaluate the...