Please answer all questions and show your work Clearly state your answer to each problem Answers without justification explanation will not be given credit You purchased 2,000 shares of stock at $52 a share The stock is currently selling for $59 a share The initial margin was 70 percent and the maintenance margin is 30 percent What is your current margin position And what if stock is currently seeling for $40 per share instead of $59

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Question: Please answer all questions and show your work. Clearly state your answer to each problem. Answers without justification/explanation will not be given credit. You purchased

Please answer all questions and show your work. Clearly state your answer to each problem. Answers without justification/explanation will not be given credit.

You purchased 2,000 shares of stock at $52 a share. The stock is currently selling for $59 a share. The initial margin was 70 percent and the maintenance margin is 30 percent. What is your current margin position? And what if stock is currently seeling for $40 per share instead of $59.

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