Lauren has a margin account and deposits $149,100 of her own money. Assume that the...
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Accounting
Lauren has a margin account and deposits $149,100 of her own money. Assume that the initial margin requirement is 60%, commissions are ignored and the stock of GWC is selling for $35 per share.
a. How many shares of GWC can she buy using margin?
b. What is her percentage profit or loss if GWC rises to $45
c. What is her percentage profit or loss if GWC falls to $25
d. If the maintenance margin is 35%, at what price of GWC will Lauren get a margin call?
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