Question
You recently opened a margin account with TD Ameritrade. The Initial margin requirement is 75% and maintenance margin is 40%. You purchase 500 shares of
You recently opened a margin account with TD Ameritrade. The Initial margin requirement is 75% and maintenance margin is 40%. You purchase 500 shares of JNJ for $34.50 per share. After 1 year, the shares are selling at $36.75. Ignoring margin interest, what is your current margin position?
Group of answer choices
74.78 percent
75.70 percent
76.53 percent
76.94 percent
74.29 percent
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Basic Finance An Introduction To Financial Institutions Investments And Management
Authors: Herbert B. Mayo, Michael J Lavelle
13th Edition
0357714741, 978-0357714744
