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The initial margin requirement on a stock purchase is 45.7%. If you fully use your initial...

The initial margin requirement on a stock purchase is 45.7%. If you fully use your initial margin to purchase 348 shares of Facebook at $266, What is the minimum dollar amount you will need to initiate this transaction (your equity in the investment)? Enter your answer in the box below and round to two decimals.

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Expert Solution

What is the minimum dollar amount you will need to initiate this transaction

=(348*266)*45.7%

=42303.58

the above is answer

jeff jeffy answered 2 years ago
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