Question: Hello, need help with only incorrect answers Problem 2-22 Calculating Returns (CFA'll You'vejust opened a margin account with $33,880 at your local brokerage firm. You

Hello, need help with only incorrect answers

Hello, need help with only incorrect answersHello, need help with only incorrect answers
Problem 2-22 Calculating Returns (CFA'll You'vejust opened a margin account with $33,880 at your local brokerage firm. You instruct your broker to purchase 800 shares of Landon Golf stock, which currently sells for $77 per share. Suppose the call money rate is 6.5 percent and your broker charges you a spread of1_25 percent overthis rate. You hold the stock forfour months and sell at a price of $84 per share. The company paid a dividend of$32 per share the day before you sold your stock. a. What is your total dollar return from this investment? {Do not round intermediate calculations. Round your answer to 2 decimal places} 0 Answer is complete but not entirely correct. Dollar return :5 5,139.90 6 b. What is your effective annual rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) 0 Answer is complete and correct. Effective annual return 52?? a 'i'l: Problem 2-24 Short Sales (LO4, CFA5) You believe that Rose, Inc., stock is going to fall and you've decided to sell 1,200 shares short. If the current share price is $60, construct the equity account balance sheet for this trade. Assume the initial margin is 65 percent. (Do not round intermediate calculations. Input all amounts as positive values.) X Answer is complete but not entirely correct. Assets Liabilities and account equity Proceeds from sale 72,000 Short position $ 46,800 x Initial margin deposit 72,000 X Account equity 97,200 X Total 144,000 Total $ 144,000

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