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Check my work 12 You've just opened a margin account with $15,000 at your local brokerage firm. You instruct your broker to purchase 800 shares
Check my work 12 You've just opened a margin account with $15,000 at your local brokerage firm. You instruct your broker to purchase 800 shares of Landon Golf stock, which currently sells for $26 per share. 3 points a. What is your initial margin? (Enter your answer as a percent rounded to 2 decimal places.) Initial margin C % eBook Print b. Construct the equity account balance sheet for this position. Assets 800 shares Liabilities and account equity Margin loan Account equity Total Total
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