Answer questions 1-8 directly on the exam in the space provided. Please and calculations
Answer questions 1-8 directly on the exam in the space provided. Please and calculations for partial credit. Bob Barker has a margin account with debit balance of $36,000. He has the following securities in his account: What is the equity in BOB's account? Is BoB's account restricted? How much would he have to deposited to make is a nonrestrcited account? Mr. Jones a client of XYZ brokerage firm, buys $ 12.000 of stock long and on the same day sells short $ 10.000 of another stock. The regulation T margin requirement is 50%. What will be the initial margin requirement for these two transactions? A customer entered a limit order at 66. The closing price of the stock for the day was 66. When the costumer calls to check if the order was executed. The broker reports that there was nothing done. What is a probable cause for this result?? If Joe Smith sells short 90 shares of XYZ at 31.25 per share and six months later is able to purchase the shares at 29 each. Ignoring brokerage fees calculate his dollar profit or loss.