One year ago you entered a margin trade involving 200 shares of stock at a price of £35 a share and an initial margin of 60%. Now you sell the stock for £32 a share. What is the initial Dollar margin that you need for the trade? Group of answer choices 8400 3840 4200 2800
One year ago you entered a margin trade involving 200 shares of stock at a price of £35 a share and an initial margin of 60%. Now you sell the stock for £32 a share. What is the initial Dollar margin that you need for the trade? Group of answer choices 8400 3840 4200 2800
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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One year ago you entered a margin trade involving 200 shares of stock at a price of £35 a share and an initial margin of 60%. Now you sell the stock for £32 a share. What is the initial Dollar margin that you need for the trade?
Group of answer choices
8400
3840
4200
2800
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