You want to buy 1,000 shares of Devon Energy (DVN) at a price of $48 per share.
Question:
You want to buy 1,000 shares of Devon Energy (DVN) at a price of $48 per share. You put up $36,000 and borrow the rest. What does your account balance sheet look like? What is your margin?
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The 1000 shares of DVN cost 48000 You supply 36000 so you must borrow 1...View the full answer
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