Question
You borrow $5000 to purchase 500 shares at $30 each. If the price drops to $25, what is your new margin assuming no interest on
You borrow $5000 to purchase 500 shares at $30 each. If the price drops to $25, what is your new margin assuming no interest on the borrowed amount?
A. 30%
B. 60%
C. 15%
D. 50%
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
