Question
Whitney just purchased 100 shares of Disney (DIS) stock for $135.00 a share. Her broker required a cash payment of $10,125, not including trading costs,
Whitney just purchased 100 shares of Disney (DIS) stock for $135.00 a share. Her broker required a cash payment of $10,125, not including trading costs, for the purchase. What is her initial margin requirement for this stock?
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
