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. What is Megan's equity when she opens the account?
| $500 | ||
| $1500 | ||
| $2000 | ||
| $700 |
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Handbook Of Quantitative Finance And Risk Management
Authors: Cheng-Few Lee, John Lee
2010th Edition
0387771166, 978-0387771168
