Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

21. You purchased 1,200.21 shares of stock at $52 a share. The stock is currently selling for $54 a share. The initial margin was 70

21.

image text in transcribed

You purchased 1,200.21 shares of stock at $52 a share. The stock is currently selling for $54 a share. The initial margin was 70 percent and the maintenance margin is 30 percent. What is your ?current margin position * (1 ) A. 28.36 percent o B. 25.00percent O C. 75.00 percent D. 63.59percent F 71 11 narrant

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Ontology And Function Of Money The Philosophical Fundamentals Of Monetary Institutions

Authors: Leonidas Zelmanovitz

1st Edition

0739195115,0739195123

More Books

Students also viewed these Finance questions

Question

What do you understand by Double Entry Book keeping?

Answered: 1 week ago