Several weeks ago, Suzy bought 100 shares of stock at $30 per share on margin. Her broker

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Several weeks ago, Suzy bought 100 shares of stock at $30 per share on margin. Her broker had an initial margin requirement of 65% and Suzy financed the balance. The price of Suzy's stock has since fallen to $14 per share.

Given the $14 price per share, determine Suzy's new margin position.

Related Book For answer-question

Fundamentals Of Investing

ISBN: 9780135175217

14th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Posted Date: Jan 08, 2024 01:23 AM

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Several weeks ago, Suzy bought 100 shares of stock at $30 per share on margin. Her broker

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To calculate Suzys new margin position we first need to determine how much money she initially put u... View the full answer

Fundamentals Of Investing

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