Question
Your margin account has a loan of $7000 outstanding and 500 shares trading at $32 each. If the margin requirement on the account is 10%,
Your margin account has a loan of $7000 outstanding and 500 shares trading at $32 each. If the margin requirement on the account is 10%, how much may you withdraw from the account without triggering a margin call?
None, you may not withdraw any amount before a margin call
$900
$1600
$8222
$9000
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Corporate Financial Management
Authors: Glen Arnold, James Pickford
2nd Edition
0582821762, 978-0582821767
