Question
The stock price of Google is $583. You have $10,000 saved in a savings account. The monthly interest rate is 0.6%. If the initial margin
The stock price of Google is $583. You have $10,000 saved in a savings account. The monthly interest rate is 0.6%.
If the initial margin is 50%, what is the minimum additional dollar amount that you have to deposit in your brokerage account?
$5120
What is your initial percentage margin (entered as a decimal number) once you've completed the deposit calculated in part 2?
50%
Two months later, the stock price is $603. Google paid a dividend of $11 per share just before the two months were over. What is your percentage margin (entered as a decimal number)?
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