Question
Several of the questions ask you about Apple (AAPL). On 2008-01-31, Apple (AAPL) traded for 135.36 USD. On 2008-02-29, Apple traded for 125.02 USD. No
Several of the questions ask you about Apple (AAPL). On 2008-01-31, Apple (AAPL) traded for 135.36 USD. On 2008-02-29, Apple traded for 125.02 USD. No dividends were paid during this time period. Assume you can borrow at 9.569%. The rate on a 1 month T-bill was 0.13%.
Suppose you bought 100 shares of Apple (AAPL) on 2008-01-31 with 10,000 USD of capital. How low could Apple's price have fallen before you would have received a margin call?
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Statistics For Business And Economics
Authors: Paul Newbold, William Carlson, Betty Thorne
8th Edition
0132745658, 978-0132745659
