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notsponge [240]
3 years ago
13

A broker followed the instructions in an escrow disbursement order. However, one of the parties to the contract sued the broker

and a judgment was filed against the broker that resulted in $8,000 in money damages plus $3,500 in court costs. The broker incurred $4,500 in attorney's fees associated with his defense. The FREC is authorized to disburse what amount associated with this case
Business
1 answer:
densk [106]3 years ago
4 0

The amount that should be associated with the given case is $16,000.

The computation is as follows:

= Money damages + cost of the court + attorney fees associated

= $8,000 + $3,500 + $,4500

= $16,000

In order to determine the value i.e. associated we add the above 3 items.

Therefore we can conclude that The amount that should be associated with the given case is $16,000.

Learn more about the broker here: brainly.com/question/1752402

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Answer:

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3 years ago
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3 years ago
You purchased 100 shares of IBM common stock on margin at $130 per share. Assume the initial margin is 50%, and the maintenance
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Answer:

$46.43

Explanation:

Calculation for Below what stock price level would you get a margin call

First step is to calculate the Loan amount

Loan amount=(100 shares × $130 × 0.5

Loan amount= $6,500 × 0.5 = $3,250

Now let calculate Stock price level

0.30 = (100P $3,250)/100P

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P=$3,250/70

P = $46.43

Therefore Below what stock price level would you get a margin call will be $46.43

7 0
3 years ago
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s344n2d4d5 [400]

Answer:

the nominal interest rate is 7%

Explanation:

The calculation of the nominal interest rate is given below:

As we know that

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So,

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Hence, the nominal interest rate is 7%

The same is to be considered and relevant  

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