Sam is purchasing 800 shares of RPT, Inc., stock at a price per share of $15.50. What is the minimum amount the Federal Reserve will require Sam to pay in cash for this purchase?
A. $11,960
B. $4,488
C. $9,800
D. $10,968
E. $6,200
Answer: E
You might also like to view...
The U.S. Small Business Administration suggests that businesses take specific actions to prepare for potential disaster situations.
Answer the following statement true (T) or false (F)
________ licensing occurs when two patent holders license each other to use their patents only on the condition that neither licenses anyone else to use his or her patent without the other's consent
A) Parallel B) Congruent C) Counter- D) Cross-
Steve Salter sells plumbing equipment and supplies. Salter will mark up an 80-gallon residential hot water heater 35% based on selling price. If the hot water heater costs Salter $221, what will be his selling price?
You desire a portfolio beta of 1.1. Currently, your portfolio consists of $100 invested in Stock A with a beta of 1.4 and $300 in Stock B with a beta of .6. You have another $400 to invest and want to divide it between Stock C with a beta of 1.6 and a risk-free asset. How much should you invest in the risk-free asset to obtain your desired beta?
A) $50 B) $100 C) $125 D) $350 E) $300