Question
you bought 400 shares of Brooklyn Trading Co. on margin at $55 per share yesterday. Initial margin and maintenance margin are 35% and 45% respectively.
you bought 400 shares of Brooklyn Trading Co. on margin at $55 per share yesterday. Initial margin and maintenance margin are 35% and 45% respectively. The stock price per share goes down to $52 today. What is the equity value today on your margin account and what is the margin percent as of today?
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Public Finance
Authors: Charles Francis Bastable
1st Edition
1375520083, 978-1375520089
