Carson Corporation stock sells for $65 per share, and you've decided to purchase as many shares...

Question

Question

Carson Corporation stock sells for $65 per share, and youve decided to purchase as many shares as you possibly can. You have

Answer 1

Answer #1

Initial Margin = 50%

So,

Total Value = 2(46,000) = $92,000

Number of Shares = 92,000/65

Number of Shares = 1,415 shares

Answer 2

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