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price of $160.25 per share, using a margin account. ment is 40%. The rate on the margin loan is 5.0%. One year later, how much

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price of $160.25 per share, using a margin account. ment is 40%. The rate on the margin loan is 5.0%. One year later, how much 22. An investor buys 400 shares of IBM stock at a The initial margin require does the investor owe for interest on the margin loan? a. $1,923 b. $4,944 c. $5,128 d. $2,051

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