Question
You just opened a margin account with a local brokerage firm. The initial margin is 60% and the maintenance margin is 30%. You bought 500
You just opened a margin account with a local brokerage firm. The initial margin is 60% and the maintenance margin is 30%. You bought 500 shares of TRH at $50 per share on the margin.
If the price declined to $24, how many shares must be sold to restore the maintenance margin?
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
