6.3 The following represents the monthlystock prices for Cisco for a 6-month pe-riod. If you make your purchase in$2,000 amounts for each month, thetotal investment would be $12,000.January 2, 2000 $50February 1, 2000 $55March 1, 2000 $66April 1, 2000 $63May 1, 2000 $72June 1, 2000 $60(a) How many shares would you have atthe end of June 30, 2000, if you didnot sell any shares?(b) What is the average purchased priceper share?(c) If the stock were selling at $62 pershare at the end of June 30, 2000,what would be your account bal-ance?

Shares represent fractional ownership in a company. Investors and buyers who buy shares of a company…

Answered: (a) How many shares would you have at…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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7.
am. 104.
Recently, yoU sold 1200 shares of stock for $76750. The sale was a short sale with an initial margin requirement of 0.64. The maintenance margin is 0.32. The stock is currently trading at $27 a share WHAT IS YOUR EQUITY AFTER PRICE CHANGE WHAT IS THE ACTUAL MARGIN WHAT IS THE MARGIN CALL PRICE
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(a) How many shares would you have at the end of June 30, 2000, if you did not sell any shares? (b) What is the average purchased price per share? (c) If the stock were selling at $62 per share at the end of June 30, 2000, what would be your account bal- ance?