Question: Search this course apter 4 EOC Problems Check My Work ebook A Problem 4-06 Barbara buys 80 shares of DEM at $29.00 a share and

 Search this course apter 4 EOC Problems Check My Work ebook

Search this course apter 4 EOC Problems Check My Work ebook A Problem 4-06 Barbara buys 80 shares of DEM at $29.00 a share and 200 shares of GOP at $37.00 a share. She buys on margin and the broker charges interest of 8 percent on the loan. a. If the margin requirement is 41 percent, what is the maximum amount she can borrow? Round your answer to the nearest cont $ b. If she buys the stocks using the borrowed money and holds the securities for a year, how much interest must she pay? Round your answer to the nearest cent. S c. If after a year she sells dem for $24.00 a share and GOP for $30.00 a share, how much did she lose on her investment? Use a minus sign to enter the amount as a negative value, Round your answer to the nearest cent. 4. What is the percentage loss on the funds she invested if the interest payment is included in the calculation? Use a minus sign to enter the amount as a negative value. Round your answer to two decimal places Check My Work O icon Key Question 6 of 8

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