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775.6 is the stock price Question 7 5 pts Unfortunately, the stock price actually falls to $640.52 and Investor LM then receives a margin call!
775.6 is the stock price
Question 7 5 pts Unfortunately, the stock price actually falls to $640.52 and Investor LM then receives a margin call! Show the investor how to determine the amount of the additional deposit need to bring the equity back to the IM level? L M Table 8.1 Margin Requirements IM. - 61% for short IM. -56% for long MM, 53% for short MM. = 47% for long Table 8.2 Stock Quotations Yid Stock Open Sym High Low Close Div PE Net Chg Vol Chg YTD %Chg 52 Week High Low 859.82 626.05 NYSE Group NYSE 780.9 778.50 758.3 27 775.6 -1.05 -1.90 3.16 411,703 Solve Step by Step Solution
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