Initial margin requirement-margin loan amount


Problem:

You purchase 1,000 shares of 2nd Chance Co. stock on margin at a price of $46. Your broker requires you to deposit $25,000.

Required:

Question 1: What is your margin loan amount?

Question 2: What is the initial margin requirement?

Note: Please provide full description.

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Accounting Basics: Initial margin requirement-margin loan amount
Reference No:- TGS0891150

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