Question
You buy 300 shares of Qualitycorp for $30 per share and deposit initial margin of 70%. The next day, Qualitycorp's price drops to $25 per
You buy 300 shares of Qualitycorp for $30 per share and deposit initial margin of 70%. The next day, Qualitycorp's price drops to $25 per share. What is your actual margin?
a. 33%
b. 50%
c. 40%
d. 25%
e.64%
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Globalization Gating And Risk Finance
Authors: Unurjargal Nyambuu, Charles S. Tapiero
1st Edition
1119252652, 978-1119252658
