Assume you are an investor who has bought 100 shares of a company at $35 per share
Question:
Assume you are an investor who has bought 100 shares of a company at $35 per share with a stock on margin of 60%. The stock is now trading at $50 per share, and the initial margin requirements has been lowered to 50%. You now want to buy another 300 shares of the stock. What is the minimum amount of equity that you will have to put up in this transaction?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
Question Posted: