Question
You purchase 85 shares of a stock at a price of $275 per share using margin. The margin requirement is 55% and the maintenance margin
You purchase 85 shares of a stock at a price of $275 per share using margin. The margin requirement is 55% and the maintenance margin requirement is 35%. If you later sell the 85 shares for $310 per share what is your percentage return?
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Real Estate Finance
Authors: John P. Wiedemer, Keith J. Baker
9th edition
324181426, 324181425, 978-0324181425
