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You buy 5000 shares of stock at a price of k380 and an initial margin of 60%. if the maintenance margin is 30%. Required: (i).
You buy 5000 shares of stock at a price of k380 and an initial margin of 60%. if the maintenance margin is 30%.
Required:
(i). At what price will you receive a margin call? [8marks] (ii). Calculate your return should you sell the shares at k400 per share [6marks]
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