An agent who maintains an inventory from which he or she buys and sells securities is called a......

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Tod ThielLv2

6 Apr 2020

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Barbara buys 100 shares of DEM at $35 a share and 200 shares of GOP at $40 a share. She buys on margin and the broker charges interest of 10% on the loan. a. If the margin requirement i 55%, what is the maximum amount she can borrow? b. If she buys the stocks using the borrowed money and holds the securities for a year, how much interest must she pay? c. If after a year she sells DEM for $29 a share and GOP for $32 a share, how much did she lose on her investment? d. What is the percentage loss on the funds she invested if the interest payment is included in the calculation?

Bonds A, B, C and D are zero-coupon bonds with par value $1,000 each and yields to maturity of 6 percent, 8 percent, 10 percent and 12 percent respectively. Bond A matures in one year, bond B in two, bond C in three and bond D in four years. Calculate the short rates r1, r2, r3 and r4. Suppose an agent buys bonds B, C and D, holds them for one year and then sells them all. Find the price the agent will be able to sell each of the three bonds at. Based on those prices, write expressions for the Holding Period Returns of each of the three bonds. Verify that the Holding Period Returns are the same.

tealrabbit639

Which of the following is a primary market transaction?

a) You sell 200 shares of IBM stock on the NYSE through your broker.
b) You buy 200 shares of IBM stock from your brother. The trade is not made through a broker--you just give him cash and he gives you the stock.
c) IBM issues 2,000,000 shares of new stock and sells them to the public through an investment banker.
d) One financial institution buys 200,000 shares of IBM stock from another institution. An investment banker arranges the transaction.
e) IBM sells 2,000,000 shares of treasury stock to its employees when they exercise options that were granted in prior years.

olivesquirrel267

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