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2 years ago

A customer buys 100 shares of ABC at $17 as the initial transaction in a new margin account. The customer must deposit:______

Business

1 answer:

Elena L [17]2 years ago

3 0

Answer:

$1,700

Explanation:

Although the minimum equity to open a long margin account is $2,000. However, this does not apply if the securities in the account are paid fully.

It will amount to potential loss if a customer is asked to deposit more than 100% when buying. Since the customer wants to buy 1,700 of stock, it means that 100% or $1,700 (100 shares × $17) must be deposited.

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1 year ago

Imagine that after completing your economics course (you get an A, of course) you are at a family gathering. Your grandmother as

Maksim231197 [3]

Answer:

$16,875

Explanation:

The amount received per year is $15,000 and the CPI increased from 144 to 162

Inflation rate = (New CPI - Old CPI)/Old CPI * 100

Inflation rate = 162-144/144 * 100

Inflation rate = 0.125

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==> $15,000 + $1,875 = $16,875

So, Grandmother will receive $16,875

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2 years ago

if you wanted to take the survey to be included in the next revision of the strong interest inventory, which requirements would

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1 year ago

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That's not a question, but the proper answer should be a loan.

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2 years ago

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