Question: Using the information in Problem 1, construct your equity account balance sheet at the time of your purchase. What does your balance sheet look like

Using the information in Problem 1, construct your equity account balance sheet at the time of your purchase. What does your balance sheet look like if the share price rises to $84? What if it falls to $62 per share? What is your margin in both cases? Round the number of shares down to the nearest number of whole shares.

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Assets Liabilities and account equity 305 shares 2165500 Margin loan 866200 Ac... View full answer

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