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Question 10 You have $500 to invest. You decide to open a margin account with your brokerage. The account has an 80% initial margin requirement.

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Question 10

You have $500 to invest. You decide to open a margin account with your brokerage. The account has an 80% initial margin requirement. You have decided to invest in Firewood Inc. stock, when the price is $5 per share. when the price rises to $6 per share, what will the margin on your account be? (Enter as a percentage, round to two decimal places, do not enter a percent symbol.)

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