An investor opens a margin account with an initial deposit of $6900. He then purchases 900...
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An investor opens a margin account with an initial deposit of $6900. He then purchases 900 shares of a stock at $35. His margin account has a maintenance margin requirement of 30%. Ignoring commissions and interest, IF the price changed to 48 WHAT IS YOUR NEW EQUITY AT WHAT PRICE YOU WILL GET A MARGIN CALL PRICE? An investor opens a margin account with an initial deposit of $6900. He then purchases 900 shares of a stock at $35. His margin account has a maintenance margin requirement of 30%. Ignoring commissions and interest, IF the price changed to 48 WHAT IS YOUR NEW EQUITY AT WHAT PRICE YOU WILL GET A MARGIN CALL PRICE?
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New Equity and Margin Call Price 1 Calculate the initial purchase valu... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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