On January 15th, Sahar purchased 5,000 shares of National Cement Co. on a margin of $160 per share. On March 15th the price of National Cement stock declined to $140. The initial margin and maintenance margin requirements were 60% and 40% respectively. What is the actual market value (AM) on March 5th
On January 15th, Sahar purchased 5,000 shares of National Cement Co. on a margin of $160 per share. On March 15th the price of National Cement stock declined to $140. The initial margin and maintenance margin requirements were 60% and 40% respectively. What is the actual market value (AM) on March 5th
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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![On January 15th, Sahar purchased 5,000 shares of
National Cement Co. on a margin of $160 per share.
On March 15th the price of National Cement stock
declined to $140. The initial margin and maintenance
margin requirements were 60% and 40% respectively.
What is the actual market value (AM) on March 5th
? 54.29% 42.86 % 40% 60%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F39eb2669-cfef-481c-993a-c83c3a7434b4%2Fff7ea73f-2f47-4d2c-815e-ec0f89573b00%2F90wi9y5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On January 15th, Sahar purchased 5,000 shares of
National Cement Co. on a margin of $160 per share.
On March 15th the price of National Cement stock
declined to $140. The initial margin and maintenance
margin requirements were 60% and 40% respectively.
What is the actual market value (AM) on March 5th
? 54.29% 42.86 % 40% 60%
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