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1 year ago

A customer makes a purchase of $22,100 of acme income fund in her margin account. the customer must deposit: _________

Business

1 answer:

Basile [38]1 year ago

6 0

The correct option is (D) $22,100.

A client adds $22,100 worth of an income fund to her margin account. The client must make a deposit of $22,100.

<h3>What are mutual funds?</h3>

A mutual fund is a company that pools funds from numerous sources and invests them in securities such as stocks, bonds, and payday loans. The portfolio of a mutual fund refers to all of its investments. Mutual fund shares are purchased by investors.

Mutual funds operate by combining the funds of numerous investors. Following that, stocks, bonds, and other securities are bought with that money. Mutual funds give investors immediate diversification (and a lowered risk level) because they invest in a variety of businesses.

Since mutual fund shares are new issues sold with a prospectus, the whole purchase price must be made at the time of purchase. The position becomes marginable and has a loan value after 30 days of being kept in the account.

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Answer:

The expected rate of return on the market portfolio is 14%.

Explanation:

The expected rate of return on the market portfolio can be calculated using the following capital asset pricing model (CAPM) formula:

Er = Rf + B[E(Rm) - Rf] ...................... (1)

Where:

Er = Expected rate of return on the market portfolio = ?

Rf = Risk-free rate = 5%

B = Beta = 1

E(Rm) = Market expected rate of return = 14%

Substituting the values into equation (1), we have:

Er = 5 + 1[14 - 5]

Er = 5 + 1[9]

Er = 5 + 9

Er = 14%

Therefore, the expected rate of return on the market portfolio is 14%.

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2 years ago

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2 years ago

Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs a

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Answer:

$8.20/Direct Labor hours

Explanation:

Cost of performing engine repair work = Shop and repair equipment depreciation + Shop supervisor salaries + Shop property taxes + Shop supplies

Cost of performing engine repair work = $40,000 + $133,000 + $22,000 + $10,000

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Predetermined shop overhead rate per direct labor hour = $205,000 / 25,000 Hours = $8.20/Direct Labor hours

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2 years ago

Treasury Bonds are _______.A. liquid, but not a store of value. B. a store of value, but not liquid. C. both liquid and a store

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Answer:

C. both liquid and a store of value.

Explanation:

Treasury Bonds are fixed interest long term government debt instrument issued by the government through the monetary authorities (Federal Reserve or Central Bank) to raise fund from the public. Treasury bond has a maturity of between 10 and 30 years.

Treasury bonds is one of the most liquid financial instrument in the world as it can be turned to cash within a day.

The T-Bond, as treasury bonds is often called is a good store of value as it pays interest and the principal is backed by a legal contract.

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2 years ago

7. Problems and Applications Q7 A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for worker

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Answer: 187%

Explanation:

The percentage increase in the price of dozen egg would be:

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= 1.79 × 100 / 0.96

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