Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

allen bought 300 shares of stock @ 93.98 per share, using inital margin of 58%, given a maitnence margin of 25%, how far does the

image text in transcribed
allen bought 300 shares of stock @ 93.98 per share, using inital margin of 58%, given a maitnence margin of 25%, how far does the stock have to drop before allen faceds a margin call. (no other securities in account)
the stock has to drop to $___ per share
Alin Bage 30 ans of stock 503 shares in a matter of the formal? the main etc) Ontore Alien teen a margincat, the work has to drop to wound to the watert)

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 Market Takers Edge Insider Strategies From The Options Trading Floor

Authors: Dan Passarelli

1st Edition

007175492X,0071754946

More Books

Students also viewed these Finance questions