Assume you purchased 763 shares of NFLX common stock on margin at $21 per share from...
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Assume you purchased 763 shares of NFLX common stock on margin at $21 per share from your broker. If the initial margin is 50% while the maintenance margin is 34% ... At what price will you receive a margin call? *Assume you are borrowing as much as you are allowed to. Please round to the nearest two decimals. Please do not include the $ symbol. Assume you purchased 763 shares of NFLX common stock on margin at $21 per share from your broker. If the initial margin is 50% while the maintenance margin is 34% ... At what price will you receive a margin call? *Assume you are borrowing as much as you are allowed to. Please round to the nearest two decimals. Please do not include the $ symbol.
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To calculate the price at which you will receive a margin call we need to determine the minimum ... 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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