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Please Show Work and round correctly to decimal places requested. Assume that an investor buys 100 shares of stock at $37 per share, putting up
Please Show Work and round correctly to decimal places requested.
Assume that an investor buys 100 shares of stock at $37 per share, putting up a 68% margin. a. What is the debit balance in this transaction? b. How much equity funds must the investor provide to make this margin transaction? c. If the stock rises to $51 per share, what is the investor's new margin position? a. The debit balance in this transaction is (Round to the nearest dollar.) b. The amount of equity funds the investor must provide to make this margin transaction is (Round to the nearest dollar) c. If the stock rises to $51 per share, the investor's new margin position is %. (Enter as a percentage and round to two decimal places.) Enter your answer in each of the answer boxesStep by Step Solution
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