Carson Corporation stock sells for $35 per share, and you’ve decided to purchase as many shares as you possibly can. You have $5

Question

3 years ago

10

Carson Corporation stock sells for $35 per share, and you’ve decided to purchase as many shares as you possibly can. You have $5

0,000 available to invest. What is the maximum number of shares you can buy if the initial margin is 70 percent? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

Business

1 answer:

snow_tiger [21] · Answer 1 · 2022-01-09T00:53:03+03:00

snow_tiger [21]3 years ago

6 0

Answer:

2041 shares

Explanation:

Maximum amount for investment = $ 50 000 / 70 % = $ 71428.571

maximum number of shares = $ 71428.571 / $ 35 = 2040.812 approx 2041 shares