Harry purchases 1,000 shares at the price of $50 using his margin account. The initial margin is 50% and the maintenance margin is 45%. If stock price declines to $40, how much is Harry required to deposit to his margin account? $3000 $2750 $2100 $3750

Harry purchases 1,000 shares at the price of $50 using his margin account. The initial margin is 50% and the maintenance margin is 45%. If stock price declines to $40, how much is Harry required to deposit to his margin account? $3000 $2750 $2100 $3750

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter13: Property Transact Ions: Determination Of Gain Or Loss, Basis Considerations, And Nontaxable Exchanges

Section: Chapter Questions

Problem 5BCRQ

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		$3000
		$2750
		$2100
		$3750

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