You buy stock on margin in your brokerage account when it is trading at 85.36 per...
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You buy stock on margin in your brokerage account when it is trading at 85.36 per share. You have 15500 in equity (cash) in your account and buy 430 shares. Ignoring transaction and loan costs, if the stock drops in value, at what price would you receive a margincall? Assume a maintenance margin level of 0.3 You buy stock on margin in your brokerage account when it is trading at 85.36 per share. You have 15500 in equity (cash) in your account and buy 430 shares. Ignoring transaction and loan costs, if the stock drops in value, at what price would you receive a margincall? Assume a maintenance margin level of 0.3
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Step 11 Step 1 Answer 2 6738 Explanation A margin call is triggered when the value of the margin acc... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
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