You've borrowed $20,000 on margin to buy shares in Disney, which is now selling at $40 per
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Question:
You've borrowed $20,000 on margin to buy shares in Disney, which is now selling at $40 per share. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price falls to $35 per share.
a-1.What is the percentage margin on the above transaction?(Round your answer to 2 decimal places.)
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