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Assume you purchased 450 shares of XYZ common stock on margin at $33 per share from your broker. A. Find the following (note: fill in
Assume you purchased 450 shares of XYZ common stock on margin at $33 per share from your broker. A. Find the following (note: fill in the blanks with values rounded to the nearest cent, no dollar sign "$", and commas ". Example: $1,234.567 >>> write as 1234.57) Your total asset value is $ If the initial margin is 48%, the amount you borrowed from the broker is $ and your equity is $ B. What is the new margin if the price of share falls to $28? (note: fill in the blank with rounded % as follows: example 34.567% >>> write as 34.57%)
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