Question
You purchase 50 shares of APPLE (AAPL) at $112 per share. To pay the purchase, you borrow $2,000 from your broker. If Apple falls to
You purchase 50 shares of APPLE (AAPL) at $112 per share. To pay the purchase, you borrow $2,000 from your broker. If Apple falls to $100 per share,
(a) what is the remaining margin (percentage) in your account? Please round the answer to two decimal points.
(b) If the maintenance requirement is 55%, will you receive a margin call when the price falls to $80? Ignore the interest rate on the loan.
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General Accounting Financial Accounting
Authors: Bbc Kikumbi Mwepu
1st Edition
6206329488, 978-6206329480
