Question
You've borrowed $52,000 on margin to buy shares in Ixnay, which is now selling at $43.2 per share. Your account starts at the initial margin
You've borrowed $52,000 on margin to buy shares in Ixnay, which is now selling at $43.2 per share. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to $51 per share.
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
