Question: here is the table for the question above. Problem 1 (15 total points): A T-table is given on the next page to help you solve
Problem 1 (15 total points): A T-table is given on the next page to help you solve this problem. 482 days ago, you purchased 400 shares of stock on margin. The initial margin requirement on your account is 60 percent and the maintenance margin is 30 percent. The call money rate is 3.50 percent and you pay 1.65 percent above that rate. When you bought the stock, the purchase price was $27 a share. Today, you sold these shares for $24 each. During the period you held the stock the company made a one-time dividend payment of $0.35 per share. a What did the loan cost ou in dollars ? 3 oints Loan = $296.19 How much dividend income did ou earn in dollars ? Total Dividends = $140 Whatis ourHPR in ? 6 oints EQN - EQo - Loan + Dividends 3 oints HPR= EQO $5,280 - $6,480 - $296.19 + $140 HPR= $6,480 -$1,356.19 $6,480 PR 0.2093 20.93% exact 20.93 (d) What is your annualized rate of return (APY, in ercent)? (3 oints) Y = - 0.1629 16.29% able for roblem 1 is ven on the next a e to assist ou in this roblem
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