Assume you purchased 406 shares of BA common stock on margin at $311 per share from...
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Assume you purchased 406 shares of BA common stock on margin at $311 per share from your broker. The initial required margin was 50%. If the price of BA goes down by 16%, what is your portfolio's updated margin (equity) percentage? *Assume you are borrowing as much as you are allowed to. Please round to the nearest two decimals. Please type your answer as percentage and not as decimal (e.g., 5.2 and not 0.052) Assume you purchased 406 shares of BA common stock on margin at $311 per share from your broker. The initial required margin was 50%. If the price of BA goes down by 16%, what is your portfolio's updated margin (equity) percentage? *Assume you are borrowing as much as you are allowed to. Please round to the nearest two decimals. Please type your answer as percentage and not as decimal (e.g., 5.2 and not 0.052)
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To calculate the updated margin equity percentage we need to determine the current value of your por... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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