Ulysses buys 500 shares of a security, currently trading at $22 per share, that his brokerage...
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Ulysses buys 500 shares of a security, currently trading at $22 per share, that his brokerage firm has designated as option-eligible (ie. allows for maximum loan amount). Assume that the value of the security later rises to $25 per share. If Ulysses had exactly enough money in his account when the security was at $22 per share, what would Ulysses' margin account deficit or surplus be at the new increased share value of $25 per share? Ulysses buys 500 shares of a security, currently trading at $22 per share, that his brokerage firm has designated as option-eligible (ie. allows for maximum loan amount). Assume that the value of the security later rises to $25 per share. If Ulysses had exactly enough money in his account when the security was at $22 per share, what would Ulysses' margin account deficit or surplus be at the new increased share value of $25 per share?
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