If the investor is my client, i will advise him to enter a buy stop order at $40.
<h3>What is the
buy stop order?</h3>
In the share market, these are protective tool that are mainly for short sellers.
Now, as the stock should begin to rise from its current price of $38, once it reaches or exceeds $40, a buy order at the market is entered.
Hence, the stock purchased is used to cover the short position and the investor's profit is the $50 sale price minus the cost of the purchase.
However, because the investor is short term person, the only protective order would be a buy and not a sell.
Therefore, i will advise him to enter a buy stop order at $40
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Answer and Explanation:
Given:
μ = 75 million
SD = 17 million
Probability (x) raw data = 110 million
Computation:
= Probability (x) < 110 million
= Probability [(x-μ) / SD] < [(110 - 75) / 17]
[(x-μ) / SD] = Z
= Probability [z] < [(35) / 17]
= Probability [z] < [2.05882353]
Using z calculator:
P-value from Z-Table:
Z score = 0.98024
Therefore, probability is 0.98024
Answer:
$378
Explanation:
Interest expenses in current year = Amount of borrowing*Interest rate*8 month/12 months
Interest expenses in current year = $30,000 * 6.75% * 8/12
Interest expenses in current year = $1,350
Tax saving on interest expenses = Interest expenses * Tax rate
Tax saving on interest expenses = $1,350 * 28%
Tax saving on interest expenses = $378
So, their tax savings for the first year ending December 31 will be $378.
Answer:
C
Explanation:
Cost=10000
Accumulated depreciation=3000
Sales price=9000
Net value=10000-3000=7000
Gain=9000-7000=2000