Question
An investor purchases 250 shares of ABC stock at $313 per share. The investor deposits the initial margin requirement of 45% and borrows the remaining
An investor purchases 250 shares of ABC stock at $313 per share. The investor deposits the initial margin requirement of 45% and borrows the remaining amount at 6.25%. What is the maintenance margin excess or call if the maintenance margin requirement is 30% and the stock price drops to $303 per share?
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Money Banking And Financial Markets
Authors: Laurence Ball
1st Edition
0716759349, 9780716759348
