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You take a loan of $210,000 so you can buy 15,000 shares of TSLA stock. Per Fed guidelines, you must deposit the 50% IMR. Immediately,
You take a loan of $210,000 so you can buy 15,000 shares of TSLA stock. Per Fed guidelines, you must deposit the 50% IMR. Immediately, Tesla pays a dividend of $.50 a share which will be used to pay off part of borrowed amount in margin account. If MMR=35%, and TSLA is the only stock in your portfolio, what price do you receive a margin call at?
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