Rob has K40 000 in his margin account and he wants to use the money to buy shares of the ABC company. The initial margin requirement is 40% and ABC’s stock price is currently K50. Ignore taxes, commissions and interest on the amount borrowed
How many share of ABC can Rob buy from his margin account?
- Posted:
- 3+ months ago by Nthalam
- Topics:
- money, company, account, requirement
Details:
Answers
No answers have yet been posted. Add your answer to this question.