Question
The current value of the SPY ETF is 268. You are long in 192 shares. The initial margin is 64% and the maintenance margin is
The current value of the SPY ETF is 268. You are long in 192 shares. The initial margin is 64% and the maintenance margin is 31%. The amount of debt (the broker loan) in the position is $34,296. Compute the amount of additional cash required to restore the margin to its maintenance level. Type 0 if no additional cash is required.
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
