Assume you purchased 900 shares of XYZ common stock on margin at $90 per share from your broker. If the initial margin is 65%, t

Question

3 years ago

10

he amount you borrowed from the broker is:_______.
A. $109,350
B. $81,000
C. $52,500
D. $28,350
E. $22,500

2 answers:

tiny-mole [99] · Answer 1 · 2022-05-14T17:42:08+03:00

8 0

Answer:

See below.

Explanation:

Amount Borrowed = Shares * Price * (1-Initial Margin)

900*90*(1-0.65) =81000*28350 = $28,350

Answer = $ 28,350 (D)

Ahat [919] · Answer 2 · 2022-05-14T20:00:42+03:00

Ahat [919]3 years ago

7 0

Answer:

514444$000000

Explanation: