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QUESTION 8 A year ago, you decided to buy 200 shares of IBM stock on 60% margin at a price of $79 per share. Your
QUESTION 8 A year ago, you decided to buy 200 shares of IBM stock on 60% margin at a price of $79 per share. Your broker charges an interest rate of 10% p.a. for any funds borrowed. Your broker has a maintenance margin of 30%. Today the price of IBM is $80 per share. Your broker would require a "top-up" when IBM hits a price of per share
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Finance A Quantitative Introduction Volume 1
Authors: Piotr Staszkiewicz, Lucia Staszkiewicz
1st Edition
0128015845, 978-0128015841
