Question
A) You are given the following information for buying a stock in XYZ on margin. > Purchase price is $100 > Initial Margin Requirment =
A) You are given the following information for buying a stock in XYZ on "margin."
> Purchase price is $100
> Initial Margin Requirment = 70%
>Maintenance Margin Requirement = 20%
If you purchase 100 shares of XYZ @ $100, your margin loan associated with this purchase is:
B) You are given the following information for buying a stock in XYZ on "margin."
> Purchase price is $100
> Initial Margin Requirment = 70%
>Maintenance Margin Requirement = 20%
If you purchase 100 shares of XYZ @ $100, the minimum collateral required for buying this stock on margin is:
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
