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Assume you purchased 834 shares of BA common stock on margin at $497 per share from your broker. The initial required margin was 50%.
Assume you purchased 834 shares of BA common stock on margin at $497 per share from your broker. The initial required margin was 50%. If the price of BA goes down by 16%, what is your portfolio's updated margin (equity) percentage?
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
