You want to buy 100 shares of Nestle with as little of your own money as possible.
Fantastic news! We've Found the answer you've been seeking!
Question:
You want to buy 100 shares of Nestle with as little of your own money as possible. Nestle is trading at $25 per share, and the minimum wage requirement at the brokerage firm you use is 80%.
How much of your own money will you have to invest to make this purchase (not including commissions),
-You will have to invest $___
and
How much will your broker lend you?
-Your broken will lend $___
Related Book For
Financial Markets And Institutions
ISBN: 978-0132136839
7th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
Posted Date: