Question
Jenny purchased 1,200 shares of stock at $52 a share. The stock is currently selling for $55 a share. The initial margin was 70 percent
Jenny purchased 1,200 shares of stock at $52 a share. The stock is currently selling for $55 a share. The initial margin was 70 percent and the maintenance margin is 30 percent. What is her current margin position?
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Quantitative Finance: An Object-Oriented Approach In C++
Authors: Erik Schlogl, Dilip B. Madan
1st Edition
1584884797, 978-1584884798
