You bought 200 shares of xyz stocks on 65 margin on 1242012, Ask an Expert

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You bought 200 shares of XYZ stocks on 65% margin on 1/24/2012. XYZ was trading at $30 a share at the time you opened your margin account. The margin loan is for 6 months and carries an annual 5% interest rate. The maintenance margin is 50%. What is your debit and equity (margin) balance

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Financial Management, Finance

Category:- Financial Management
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