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Whitney just purchased 100 shares of Disney (DIS) stock for $135.00 a share. Her broker required...

Whitney just purchased 100 shares of Disney (DIS) stock for $135.00 a share. Her broker required a cash payment of $10,125, not including trading costs, for the purchase. What is her initial margin requirement for this stock?

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Expert Solution

Value of position = 135(100) = $13,500

Initial Margin = 10,125/13,500

Initial Margin = 75.00%

jeff jeffy answered 2 years ago
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