You long 1000 shares of ABC at $25 a share Assume the Regulation T rate is 40 You send the required amount to your broker After a week ABC jumps to $27 in the market Show your account What is your buying power Suppose you withdraw the maximum allowable cash from your account Show your account

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You long 1000 shares of ABC at $25 a share. Assume the Regulation T rate is 40%. You send the required amount to your broker.

You long 1000 shares of ABC at $25 a share. Assume the Regulation T rate is 40%. You send the required amount to your broker. After a week ABC jumps to $27 in the market.

Show your account.
What is your buying power?
Suppose you withdraw the maximum allowable cash from your account. Show your account.

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