You purchased 100 shares of XYZ stock on margin at $60 per share from your broker. If the initial margin is 55% and the maintenance margin is 30%, how much must you borrow from your broker?
Answer: 2,700
You purchased 100 shares of XYZ stock on margin at $60 per share from your broker. If the initial margin is 55% and the maintenance margin is 30%, how much must you borrow from your broker?
Answer: 2,700
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.