Question
Jake buys 200 shares of TMG stock on margin. The price is $60 and initial margin in 60% annual rate on margin loan is 3%.
Jake buys 200 shares of TMG stock on margin. The price is $60 and initial margin in 60% annual rate on margin loan is 3%. What is the return if Jake sells at $55 one year later?
Ben sell short 1000 shares that are priced at $120/share. The maintenance margin is 40%. How much does jacke have to deposit at time 0 for a margin call at $140
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
