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please help Suppose Teresa wants to purchase 900 shares of Desertfly stock at $60 per share through Georgia Brokerage. The value of the shares is
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Suppose Teresa wants to purchase 900 shares of Desertfly stock at $60 per share through Georgia Brokerage. The value of the shares is If Teresa does not have enough funding to purchase the shares herself, and Georgia Brokerage requires an initial margin of at least 60 percent, Teresa's initial equity investment would need to be at least amount, then Georgia Brokerage would cover the remaining If the price of Desertfly's decreases to $50 per share, then the total value of Teresa's shares is now brokerage firm and as a result, her equity position is now of the stock. , which represents As a result, Teresa still owes the of the market value If Georgia Brokerage requires a maintenance margin of 35 percent, then Teresa receive a margin call from Georgia BrokerageStep by Step Solution
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