1 the effective date of exempt status is the legal date of, Ask an Expert

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1. The effective date of exempt status is the legal date of formation if the organization files Form 1023 within ___ months after the end of the month in which it was legally formed.

2. You deposit $100,000 cash in a brokerage account and short sell $180,000 of stocks. Later, the value of the stocks held short rises to $270,000, where upon you get nervous and close your account. What is the percentage return on your investment?

3. You decide to buy 400 shares of stock at a price of $48 and an initial margin of 50 percent. What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 28 percent?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92790520

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