What is the new margin on the account

Assignment Help Finance Basics

Reference no: EM132067204

Question: Megan bought 200 shares of stock at a price of $10 a share. She used her margin account with a 70% initial margin to make the purchase. After a year, the price of the stock is $12 a share. What is the new margin on her account? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132067204

Questions Cloud

How does margin work in the future contract market : what types of future contracts are there, how does margin work in the future contract market.

Prepare the journal entry to record the exchange : Mike Corporation exchanged land and cash of $6,500 for equipment. Prepare the journal entry to record the exchange

Capital gains and other investment income : The amount of interest, capital gains and other investment income earned by the Bedo household during the year.

What is the expected return on the market portfolio : What is the expected return on the market portfolio? What would be the expected return on a zero-beta stock?

What is the new margin on the account : Megan bought 200 shares of stock at a price of $10 a share. She used her margin account with a 70% initial margin to make the purchase.

Prepare the journal entry to record the purchase of assets : Tony Company purchased assets of Billy Inc. at auction for $1,560,000. Prepare the journal entry to record the purchase of the assets

Relatively more risky when held as single stock portfolio : Which of the following stocks is relatively more risky when held as a single stock portfolio

Explain the concept of market efficiency : Explain the concept of market efficiency and the importance of expectations formation in the assessment of an efficient market?

What are the firm accounts receivables turnover : Blue Air Inc., has net sales of $767,000 and accounts receivables of $162,000. What are the firm's accounts receivables turnover

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages