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An investor with $2,000 cash in his trading account placed an order to buy 10,000 shares at $1.80 and it closed that day at $1.95.
- An investor with $2,000 cash in his trading account placed an order to buy 10,000 shares at $1.80 and it closed that day at $1.95. The next day, the security increased in value to $2.10.
- How much margin was the investor required to deposit after purchasing the 10,000 shares?
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Assuming the investor purchased the shares on margin we need to calculate the initial margin require...
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
