On January 15th, Sahar purchased 5,000 shares of National Cement Co. on a margin of $160 per share. On March 15th the price of National Cement stock declined to $140.The initial margin and maintenance margin requirements were 60% and 40% respectively.

When you prepare Sahar balance sheet as of January 15th, what is the total asset value?

Answer rating: 100% (QA)

Initial margin500016060480... View the full answer