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PLEASE ANSWE THIS ASAP. Can't figure it out Suppose that you just purchased 50 shares of Beta Banana's stock for $30 per share. The initial
PLEASE ANSWE THIS ASAP. Can't figure it out
Suppose that you just purchased 50 shares of Beta Banana's stock for $30 per share. The initial margin requirement is 54.5%, which means the amount borrowed is $682. The corresponding balance sheet is below: Now suppose the price of the stock falls to $53 per share. What is your current margin percentage? (Round your answer to 2 decimal places.) Margin percentage Construct the balance sheet to show the current situation. If the maintenance margin is 65%, what is the highest stock price that will trigger a margin call? (Round your answer to 2 decimal places.) PriceStep by Step Solution
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