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Please show all work / formulas You purchased 200 shares of stock on margin. The purchase price was $22 a share. The initial margin requirement
Please show all work / formulas
You purchased 200 shares of stock on margin. The purchase price was $22 a share. The initial margin requirement on your account is 70 percent and the maintenance margin is 40 percent. 1.) It is now six months later and the market price is $19 per share. Show your new balance sheet position. 2.) The call money rate is 4.58 percent and you pay 1.5 percent above that rate. Today, you just sold these shares for $19.00 each. What is your annualized rate of returnStep by Step Solution
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