Question
De Trader opens a brokerage account and purchases 400 shares of Internet Dreams at $24 per share. She borrows $3,400 from her broker to help
De Trader opens a brokerage account and purchases 400 shares of Internet Dreams at $24 per share. She borrows $3,400 from her broker to help pay for the purchase. The interest rate on the loan is 9%.
If the share price falls to $14 per share by the end of the year, what is the remaining margin in her account? (Round your answer to 2 decimal places.)
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Handbook Of Research Methods And Applications In Empirical Finance
Authors: Adrian R. Bell, Chris Brooks, Marcel Prokopczuk
1st Edition
1782540172, 978-1782540175
