Question
Assume you have a margin account with a 50% initial margin. You purchase 100 shares of stock at $80 per share. The price increases to
Assume you have a margin account with a 50% initial margin. You purchase 100 shares of stock at $80 per share. The price increases to $100 per share. What is the net value of your investment (margin) now?
(a) $10,000
(b) $8,000
(c) $6,000
(d) $5,000
(e) $2,000
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
