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De trailer opens a brokerage account and purchases 100 Shares of Internet dreams that $60 per share. She borrows $2000 from her broker to help

De trailer opens a brokerage account and purchases 100 Shares of Internet dreams that $60 per share. She borrows $2000 from her broker to help pay for the purchase. The interest rate on the loan is 10% what is the margin in his account when she first purchase the stock? If the share price falls to $50 per share by the end of the year what is the remaining margin in her account? (Round your answer to two decimal places.) image text in transcribed
Problem 3-15 Dee Trader opens a brokerage account and purchases 100 shares of Internet Dreams at $60 per share. She borrows $2.000 from her broker to help pay for the purchase. The interest rate on the loan is 10% a. What is the margin in De's account when she first purchases the stock? Margin b. If the share price falls to $50 per share by the end of the year, what is the remaining margin in her account? (Round your answer to 2 decimal places.) Remaining margin

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