Question
Your client owns 1,000 shares of ePlace stock. She purchased these shares for $24 per share with initial margin of 50%. There is 25% maintenance
Your client owns 1,000 shares of ePlace stock. She purchased these shares for $24 per share with initial margin of 50%. There is 25% maintenance margin requirement. ePlace stock price has dropped to $17 per share. Will there be a margin call? If so, how much?
a. $1,500
b. $2,750
c. $3,250
d. No margin call required
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
