Question
You buy stock on margin in your brokerage account when it is trading at $37.21 per share. You have $3500 in equity (cash) in your
You buy stock on margin in your brokerage account when it is trading at $37.21 per share. You have $3500 in equity (cash) in your account and buy 155 shares.
Your broker makes a margin loan so you can pay the difference at an annual rate of 0.0825 One year later the stock price is 51.13
What is the margin percentage in the account one year after the trade is made?
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
