Question
You purchased 100 shares of AA using maximum margin and paid the price in Row 1. You did not issue a stop order to sell.
You purchased 100 shares of AA using maximum margin and paid the price in Row 1. You did not issue a stop order to sell. If the broker charges 6% per annum on money borrowed, what is the Total Liabilities value for the account at the date for Row 2?
The margin is 60 percent. The first row on the listing shows the date of purchase and the second row shows the listing three months later. There was one dividend payment.
Row | Symbol | Close | Net Chg | Volume | 52 weekhigh | 52 weeklow | Div | Yield | YTD% Chg |
1 | AA | 50 | +2.00 | 403,200 | 56.00 | 37.29 | 2.00 | 4 | 5.0 |
2 | AA | 40 | +2.00 | 403,200 | 56.00 | 37.29 | 2.00 | 4 |
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The margin is 60 percent. The first row on the listing shows the date of purchase and the second row shows the listing three months later. There was one dividend payment.
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