Question
The price of the three-times leveraged Bull SP&500 ETF (tic:SPXL) is $40. The initial margin is 61%. The maintenance margin is 46%. The amount of
The price of the three-times leveraged Bull SP&500 ETF (tic:SPXL) is $40. The initial margin is 61%. The maintenance margin is 46%. The amount of debt in the position (i.e., broker loan) is 0. What is the price that triggers a margin call in this LONG position?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
