Problemyou purchased 300 shares of common stock on margin, Ask an Expert

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You purchased 300 shares of common stock on margin for $20 per share. Your initial margin was 50%. Immediately after you bought the stock, its price fell to $15 resulting in a margin call from your broker. If you decide to keep your position and send your broker cash, how much do you need to send him to bring your again up o 40%? Please provide complete calculation and also provide full description.

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Category:- Basic Finance
Reference No.:- M91146603

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