Question
Assume you wish to purchase 10,000 shares of Citigroup stock at $40 per share on margin and your broker does not have an additional dollar
Assume you wish to purchase 10,000 shares of Citigroup stock at $40 per share on margin and your broker does not have an additional dollar amount that must be maintained in the margin account. What will be your initial margin requirement (IMR) based upon Regulation T?
- $20,000
- $200,000
- $40,000
- $400,000
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
