You've just opened a margin account with $14,000 at your local brokerage firm. You instruct your broker to purchase 700 shares of Landon Golf stock, which currently sells for $29 per share. a. What is your initial margin? Note: Enter your answer as a percent rounded to 2 decimal places. Initial margin b. Construct the equity account balance sheet for this position. 700 shares Total % Assets Liabilities and account equity Margin loan Account equity Total

You've just opened a margin account with $14,000 at your local brokerage firm You instruct your broker to purchase 700 shares of tandon Golf stock, which currently sells for $79 per share a. What is your initfal margin? Note: Enter your answer as o percent rounded to 2 decimal places. b. Construct the equity account balance sheet for this position