7. You want to buy 100 shares of a stock currently trading at $50 per share. Your...
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7. You want to buy 100 shares of a stock currently trading at $50 per share. Your brokerage firm allows margin sales with a 50% opening margin and a maintenance margin of 25%. What does this mean? If you close your position with the shares at $53.50, what is your return?
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Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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