You have dollar 500 to invest you decide to open a margin, Financial Management

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You have dollar 500 to invest you decide to open a margin

You have dollar 500 to invest. You decide to open a margin account with your brokerage. The account has an 80% initial margin requirement. You have decided to invest in Firewood Inc. stock when the price is dollar 5 per share.

When the price rises to dollar 6 per share, what the margin on your account be? (Enter as a percentage round to two decimal places, do not enter symbol)

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Financial Management: You have dollar 500 to invest you decide to open a margin

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Financial Management: You have dollar 500 to invest you decide to open a margin

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