Laureen purchased 1,000 shares of Apple stock for $80 per share with an initial margin requirement of 65% and a maintenance margin of 40%. Assume the stock price falls to $30 per share, how much equity must Laureen contribute? $2 per share $8 per share $10 per share $12 per share

Laureen purchased 1,000 shares of Apple stock for $80 per share with an initial margin requirement of 65% and a maintenance margin of 40%. Assume the stock price falls to $30 per share, how much equity must Laureen contribute? $2 per share $8 per share $10 per share $12 per share

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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$2 per share

$8 per share

$10 per share

$12 per share

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