Question
You have purchased 200 shares of X-Corp for a price of $420 per share with an initial margin of 60%. The next day the share
You have purchased 200 shares of X-Corp for a price of $420 per share with an initial margin of 60%. The next day the share price drops to $280 and you receive a margin call. How much do you have to put on your account to return the percentage margin to the original level?
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Accounting Comes Alive The Color Accounting Parable
Authors: Mark Robilliard ,Peter Frampton, Chang Chang, Mark Morrow, John Gorman
1st Edition
1450769608, 978-1450769600
