Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You have $28900 equity in a $100000 investment where the maintenance margin is 30%. You get a margin call and decide to meet it by
You have $28900 equity in a $100000 investment where the maintenance margin is 30%. You get a margin call and decide to meet it by selling some of your shares to pay down the margin loan. What is the minimum amount of money's worth of shares that you need to sell to get your account legal again? Round to the nearest dollar
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started