Roger borrowed on margin to $10K to buy 40,000 shares of NVM stock when it was trading at 45 cents a share The stock price has recently risen by 3 , how much cash may Roger withdraw from his account if he is to maintain a margin of 30 ...

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Roger borrowed on margin to $10K to buy 40,000 shares of NVM stock when it was trading at 45 cents a share. The stock price

Roger borrowed on margin to $10K to buy 40,000 shares of NVM stock when it was trading at 45 cents a share. The stock price has recently risen by 3%, how much cash may Roger withdraw from his account if he is to maintain a margin of 30%?

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