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On May 31, ABC is down 7% and XYZ is up 10% from their respective March 1 values. The account equity has changed relative
On May 31, ABC is down 7% and XYZ is up 10% from their respective March 1 values. The account equity has changed relative to the margin requirements. What is the absolute value of the margin equity excess or deficit in your account on May 31? That is, how much new equity would you need to add to the account on May 31 to preserve the 50% margin requirement, or alternatively, how much excess equity would you have in account on May 31 above the 50% margin requirement? A. $42,500 B. $49,300 C. $58,900 D. $66,100
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