Explore BrainMass

Explore BrainMass

    Margin purchase

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Carson Corp. stock sells for $71 a share and you've decided to purchase as many shares as you possibly can. You have $13,000 available to invest. What is the maximum number of shares you can buy if the initial margin is 60%?

    © BrainMass Inc. brainmass.com June 3, 2020, 10:06 pm ad1c9bdddf
    https://brainmass.com/business/accounting/margin-purchase-215107

    Solution Summary

    The solution explains how to calculate the maximum number of shares that can be purchased given the margin requirement

    $2.19

    ADVERTISEMENT