Question
Several weeks ago, Suzy bought 100 shares of stock at $30 per share on margin.Her broker had an initial margin requirement of 65% and Suzy
Several weeks ago, Suzy bought 100 shares of stock at $30 per share on margin.Her broker had an initial margin requirement of 65% and Suzy financed the balance.The price of Suzy's stock has since fallen to $14 per share.Given the $14 price per share, determine Suzy's new margin position.
46%
53%
38%
25%
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
