An investor with $2,000 cash in his trading account placed an order to buy 10,000 shares at
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Question:
- An investor with $2,000 cash in his trading account placed an order to buy 10,000 shares at $1.80 and it closed that day at $1.95. The next day, the security increased in value to $2.10.
- How much margin was the investor required to deposit after purchasing the 10,000 shares?
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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