Chester Litt is buying a security through the proceeds of his borrowings from a broker. He pays
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Question:
Chester Litt is buying a security through the proceeds of his borrowings from a broker. He pays interest on the loan at a rate higher than the treasury rate. What do you call this interest rate that Chester pays to the broker?
a. Maintenance margin
b. call money rate
c. Initial margin requirement
Related Book For
Thermodynamics An Interactive Approach
ISBN: 978-0130351173
1st edition
Authors: Subrata Bhattacharjee
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