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A comment on Robinhood stock trading app confirms $110M raise at $1.3B valuation. Parent comment
>(100% - 10%) * 2 * $4.55 + $0.40, and pays that out to it's shareholders/managers
>(twice, because once in cash, one in a share)
>can we borrow against that ?", and the next bank say "sure ! if we can do the same
> Since this also counts as reserves
> pay 90% out to their shareholders.
> if the market were to gasp drop even slightly
> Assuming 10% reserve ratio (which is on the high end, usually either 2 or 4%)
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>(100% - 10%) * 2 * $4.55 + $0.40, and pays that out to it's shareholders/managers
>(twice, because once in cash, one in a share)
>can we borrow against that ?", and the next bank say "sure ! if we can do the same
> Since this also counts as reserves
> pay 90% out to their shareholders.
> if the market were to gasp drop even slightly
> Assuming 10% reserve ratio (which is on the high end, usually either 2 or 4%)