Handling a Brokerage Account
Handling a Brokerage Account
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In our eReader you can find the full English version of the book. Read Handling a Brokerage Account Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Handling a Brokerage Account
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. $2, 000 100 Steel 11, 300 Value of account $13, 300 Cost of 100 Steel 11, 300 Equity or Margin $2, 000 Second position in example 3 : $2, 000 Rdg. 4% bond $1, 800 100 Steel 9, 950 $11, 750 Less cost of Success 450 Value of account $11, 300 Cost of 100 Steel 11, 300 Equity or Margin $ In the third example shown, the broker would protect himself by placing a stop order on Steel at 99| and the Rdg. Bond at 90. When these two were sold the account would be even, eliminating the matter of commissi...ons and interest, and the broker would probably turn over the Success Mines to the customer to do with as he desired. When the stock declines or advances, as the case may be, so as to come near the limit of margin furnished, the broker may demand any one of three actions by the customer to supply additional margin, take up the account in full direct, or have it transferred to another firm.
Selling price — Debit Balance-;- No. Shares = Point Margin. The Margin on a "short account" can also be in formula: Credit Balance — Purchase Price-^No.
What to read after Handling a Brokerage Account?
You can find similar books in the "Read Also" column, or choose other free books by Robert Lincoln Smitley to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
. $2, 000 100 Steel 11, 300 Value of account $13, 300 Cost of 100 Steel 11, 300 Equity or Margin $2, 000 Second position in example 3 : $2, 000 Rdg. 4% bond $1, 800 100 Steel 9, 950 $11, 750 Less cost of Success 450 Value of account $11, 300 Cost of 100 Steel 11, 300 Equity or Margin $ In the third example shown, the broker would protect himself by placing a stop order on Steel at 99| and the Rdg. Bond at 90. When these two were sold the account would be even, eliminating the matter of commissi...ons and interest, and the broker would probably turn over the Success Mines to the customer to do with as he desired. When the stock declines or advances, as the case may be, so as to come near the limit of margin furnished, the broker may demand any one of three actions by the customer to supply additional margin, take up the account in full direct, or have it transferred to another firm.
Selling price — Debit Balance-;- No. Shares = Point Margin. The Margin on a "short account" can also be in formula: Credit Balance — Purchase Price-^No.
What to read after Handling a Brokerage Account?
You can find similar books in the "Read Also" column, or choose other free books by Robert Lincoln Smitley to read onlineMoreLess
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