Question
An investor buys 500 shares of Dollar General Corp (DG) at $220 per share on margin of 65% and 50% maintenance margin. a. What is
An investor buys 500 shares of Dollar General Corp (DG) at $220 per share on margin of 65% and 50% maintenance margin.
a. What is his initial margin position (required equity and loan)?
b. If price drop to $130, does he get a margin call and if so, how much does he need to add?
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
