Question: 11. Calculating Margin (LO3, CFA4) Using the information in Problem 1, construct your equity account balance sheet at the time of your purchase. What does
11. Calculating Margin (LO3, CFA4) 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 $24? What if it falls to $14 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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