Question
1. The price of the three-times leveraged Bull SP&500 ETF (tic:SPXL) is $44. The initial margin is 69%. The maintenance margin is 47%. The amount
1. The price of the three-times leveraged Bull SP&500 ETF (tic:SPXL) is $44. The initial margin is 69%. The maintenance margin is 47%. The amount of debt in the position (i.e., broker loan) is 0. What is the price that triggers a margin call in this LONG position?
2. You entered a LONG position on TESLA (tic: TSLA) by buying 6 shares. The initial margin is 60% and the maintenance margin in 36%. You borrowed 4,535 from the broker when you opened the position and had 16,839 in cash. What is the (dollar) value of equity in your position if the price of TSLA is 788?
Incorrect Question 1 0 / 1 pts The price of the three-times leveraged Bull SP&500 ETF (tic:SPXL) is $44. The initial margin is 69%. The maintenance margin is 47%. The amount of debt in the position (i.e., broker loan) is 0. What is the price that triggers a margin call in this LONG position? 25.74 Incorrect Question 2 0/1 pts You entered a LONG position on TESLA (tic: TSLA) by buying 6 shares. The initial margin is 60% and the maintenance margin in 36%. You borrowed 4,535 from the broker when you opened the position and had 16,839 in cash. What is the (dollar) value of equity in your position if the price of TSLA is 788? 2,836.8Step by Step Solution
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