Barbara Simmons purchased 100 shares of Home Depot stock for $187 per share, using as little of
Question:
Barbara Simmons purchased 100 shares of Home Depot stock for $187 per share, using as little of her own money as she could. Her broker has a 55% initial margin requirement and a 45% maintenance margin requirement. If the price of Home Depot stock falls to $142 per share, what does Barbara need to do?
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When she initially purchased the shares Barbara put up 10285 in margin 55 of the value of shares p...View the full answer
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Related Book For 
Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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