Question
11.) You purchased 60 shares of Amazon.com common stock on margin at $550 per share. Assume the initial margin is 0.5. You received a margin
11.)
You purchased 60 shares of Amazon.com common stock on margin at $550 per share. Assume the initial margin is 0.5. You received a margin call when the share price dropped to $400. What is your maintenance margin requirement?
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
