Determining current margin position, Finance Basics

Determining current margin position

You recently purchased 100 shares of stock at a cost per share of $23.80. The initial margin requirement on this stock is 80 percent and the maintenance margin is 50 percent. The stock is currently valued at $16.90 a share. What is your current margin position? Ignore margin interest.

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Finance Basics: Determining current margin position

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Finance Basics: Determining current margin position

Reference No:- TGS038930

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Recent Questions Asked Finance Basics

Q : Total payment amount over life of loan

Q : What is the expected risk and return for a portfolio

Q : Net new long-term debt

Q : Problem associated to result of transaction

Q : Determining current margin position

Q : Firm in economy is producing output using best technology

Q : Receiving a liquidating distribution

Q : Explain statutory or case authority

Q : Regression estimates expected effect of relative department

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Determining current margin position

Reference No:- TGS038930

Recent Questions Asked Finance Basics

Q : Total payment amount over life of loan

Q : What is the expected risk and return for a portfolio

Q : Net new long-term debt

Q : Problem associated to result of transaction

Q : Determining current margin position

Q : Firm in economy is producing output using best technology

Q : Receiving a liquidating distribution

Q : Explain statutory or case authority

Q : Regression estimates expected effect of relative department

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