FI 414 Quiz: FI 414 Quiz 1
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Instructions: please show all work: you purchased 100 shares of abc common stock on margin at per share. Assume the initial margin is 50% and the maintenance margin is 30%. Assume the stock pays no dividend and ignore interest on margin: suppose the stock goes to . Part b: multiple choice problems (20 problems, 4 points each) The offering price for the shares was , but immediately upon issue, the share price jumped to . What is the best estimate of the total cost to. What is the net asset value (nav) of these shares: , , , , investors who wish to liquidate their holdings in a closed-end fund may. ___________________: sell their shares back to the fund at a discount, sell their shares back to the fund at net asset value, sell their shares on the open market, none of the above.