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You have $5,000 in a 50% margin account. You have been following a stock that you think you want to buy. The stock is priced
You have $5,000 in a 50% margin account. You have been following a stock that you think you want to buy. The stock is priced at $52.00. You decide that if the stock falls to $50.00, you would like to buy it. You place a limit order to buy 300 shares at $50.00. The stock falls to $50.00. What happens? When the stock falls to $50.00, the total price for 300 shares is $ (Round to the nearest dollar.) Since you have a 50% margin account, the amount you would need in your account to buy the 300 shares is $ (Round to the nearest dollar.) You because of (Select from the drop-down menus.)
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