Question
Assume you purchased 400 shares of XYZ common stock on margin at $33.333 per share from your broker. If the initial margin is 60% and
Assume you purchased 400 shares of XYZ common stock on margin at $33.333 per share from your broker. If the initial margin is 60% and the maintenance margin is 30%, the amount you put up is _________.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
14th edition
133879879, 978-0133879872
