You purchase 50 shares of APPLE (AAPL) at $112 per share. To pay the purchase, you borrow

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You purchase 50 shares of APPLE (AAPL) at $112 per share. To pay the purchase, you borrow $2,000 from your broker. If Apple falls to $100 per share,

(a) what is the remaining margin (percentage) in your account? Please round the answer to two decimal points.

(b) If the maintenance requirement is 55%, will you receive a margin call when the price falls to $80? Ignore the interest rate on the loan.

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: Sep 26, 2022 07:50 AM

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You purchase 50 shares of APPLE (AAPL) at $112 per share. To pay the purchase, you borrow

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Fundamentals Of Investing

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