Question
Megan bought 200 shares of stock at a price of $10 a share. She used her margin account with a 75% initial margin to make
Megan bought 200 shares of stock at a price of $10 a share. She used her margin account with a 75% initial margin to make the purchase. After a year, the price of the stock is $12 a share. What is the new margin on her account?
| 89% | ||
| 74% | ||
| 84% | ||
| 79% |
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Financial Management Theory And Practice
Authors: Prasanna Chandra
7th Edition
0070656657, 978-0070656659
