Please answer fast I give you upvote. Assume that an investor buys 100 shares of stock at $53 per share, putting up a 61% margin. If the stock rises to $57 per share, what is the investor's new margin and newmargin position?CITSIf the stock rises to $57 per share, the investor's new margin is $2223. (Round to the nearest dollar.)

A margin account refers to a brokerage account where securities are bought by paying only a portion…

Assume that an investor buys 100 shares of stock at $53 per share, putting up a 61% margin. If the stock rises to $57 per share, what is the invest margin position? If the stock rises to $57 per share, the investor's new margin is $2223. (Round to the nearest dollar.)

Assume that an investor buys 100 shares of stock at $53 per share, putting up a 61% margin. If the stock rises to $57 per share, what is the invest margin position? If the stock rises to $57 per share, the investor's new margin is $2223. (Round to the nearest dollar.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Please answer fast I give you upvote.

Assume that an investor buys 100 shares of stock at $53 per share, putting up a 61% margin. If the stock rises to $57 per share, what is the investor's new margin and new
margin position?
CITS
If the stock rises to $57 per share, the investor's new margin is $2223. (Round to the nearest dollar.)

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