Jane Doe put up $15,000 to take a long position in XYZ stock with a price of $25.
a) If the initial margin rate on the position is 60%, how many shares can you purchase?
b) What dollar amount are you borrowing from the brokerage firm? Calculate using a financial calculator.(FV,PMT,PV,I/Y,N) Post what input is for each.

Answer rating: 100% (QA)

ANSWER A Formulla are as under Number of Shores purchase... View the full answer