Question: please answer both 14 & 15, I'll thumbs up :) Using a margin account, 1863 shares are short sold for $13 per share. The initial

please answer both 14 & 15, I'll thumbs up :)

Using a margin account, 1863 shares are short sold for $13 per share. The initial margin requirement is 40%. If the price of the stock rises to $55 per share, what is the margin in the account now? (Do NOT include the \% sign or any other text. Enter your answer as a percent and round your final answer to 2 decimal places, e.g. 110.10) Selected Answer: 68,558.4 Correct Answer: 66.911% uestion 15 0 out of 1 points Using a margin account, 1936 shares are short sold for $23 per share. The initial margin requirement is 47%. If the price of the stock falls to $17 per share, what is the margin in the account now? (Do NOT include the \% sign or any other text. Enter your answer as a percent and round your final answer to 2 decimal places, e.g. 110.10) Selected Answer: 32,544.16 Correct Answer: 98.881%

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!

Using a margin account, 1288 shares are short sold for $36 per share. The initial margin requirement is 44%. If the price of the stock rises to $54 per share, what is the margin in the account now?...

Please answer all questions and show step by step using BA II calculator. Question 1 - Short Selling 14 points]: Assume that IBM stock is selling for $100 per share and that you short sell 200 shares...

9. Short Sale: A stock is currently trading at $15. It is also one of the most heavily shorted stocks, with current short interest [shares sold short] at 40% of shares outstanding. a] Consider an...

Problem 2 - Buying on Margin: (20 marks) Using a margin account, 200 shares are short sold for $40 per share. The initial margin requirement is 45%. 1. If the price of the stock rises to $45 and...

Using a margin account, 1936 shares are short sold for $23 per share. The initial margin requirement is 47%. If the price of the stock falls to $17 per share, what is the margin in the account now?...

Please answer all parts, thank you in advance! :) Lauren has a margin account and deposits $35,000. Assume the prevailing margin requirement is 25 percent, commissions are ignored, and the Gentry...

Using a margin account, 675 shares are short sold for $38 per share. The initial margin requirement is 56%. If the price of the stock rises to $52 per share, what is the margin in the account now?...

Using a margin account, 1729 shares are short sold for $12 per share. The initial margin requirement is 66%. If the price of the stock rises to $56 per share, what is the margin in the account now?

Using a margin account, 1,981 shares are short sold for $22 per share. The initial margin requirement is 56%. If the price of the stock falls to $18 per share, what is the margin in the account now?...

Explain how both an emission tax and tradable pollution permits system can reduce pollution.

The following inventory data have been established for the Thompson Company: (1) Orders must be placed in multiples of 100 units. (2) Annual sales are 338,000 units. (3) The purchase price per unit...

What name is given to a shuation in which the audience likes you and your meslage lews affer the presentabion than before? Mumple Choice concliarce boomerang effect une terded consequince conrones

ASsIgN overead costs using traditional costing and ABC homes. All are of white oak. Its budgeted manufacturing overhead costs for the year 2014 compare results. (LO 1, 4), AN 3B LUxury Furniture...