ld Economy Traders opened an account to short sell 2,300 shares of Internet Dreams at $66...
ld Economy Traders opened an account to short sell 2,300 shares of Internet Dreams at $66 per share. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of Internet Dreams has risen from $66 to $70, and the stock has paid a dividend of $2.50 per share.
a. What is the remaining margin in the account? (Round your answer to the nearest whole number.)
Remaining margin----? (45.52 is wrong) ???
b. If the maintenance margin requirement is 30%, will Old Economy receive a margin call?
-
Yes
-
No
c. What is the rate of return on the investment? (Round your answer to 2 decimal places. Negative value should be indicated by a minus sign.)
Rate pf return -----????-112.12 is wrong pls help
rev: 01_29_2020_QC_CS-197671
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