Question
You purchased 100 shares of a common stock on margin at $250 per share. Assume the initial margin is 55%, and interest rate on the
You purchased 100 shares of a common stock on margin at $250 per share. Assume the initial margin is 55%, and interest rate on the borrowing is 6%. If the price falls to $200 per share in 6 months, what is the remaining equity margin in her account? If the maintenance margin requirement is 40%, will she receive a margin call?
You sold short 100 shares of AAPL at $130 per share two weeks ago. Currently, the market price of AAPL is $115 per share. If you would like to cover your short position as quickly as possible, you would most likely place a ____ order.
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