Question
You are a portfolio manager for the Tudor Hedge Fund. You have delegated authority to buy and sell stocks. You also have the authority to
You are a portfolio manager for the Tudor Hedge Fund. You have delegated authority to buy and sell stocks. You also have the authority to buy stocks on margin and sell stocks short. You decided to buy 1,000 shares of the Walt Disney Company at $105 a share. You have $75,000 in cash in your account. The Maintenance Margin is 40%.
What is the maximum share price that will trigger a margin call?
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Contemporary Auditing
Authors: Michael C Knapp
12th Edition
357515404, 978-0357515402
