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Sagot :
Answer:
The current margin position is 48.84%.
Explanation:
This can be calculated as follows:
Margin loan = Number of shares purchased * Cost per share * (1 - Initial margin requirement) = 1,300 * $54.10 * (1 - 60%) = $28,132
Current value of stock = Number of shares purchased * Current price per share = 1,300 * $42.30 = $54,990
Current equity = Current value of stock - Margin loan = $54,990 - $28,132 = $26,858
Current margin position = Current equity / Current value of stock = $26,858 / $54,990 = 0.488416075650118, or 48.8416075650118%
Rounding to 2 decimal places, we have:
Current margin position = 48.84%
Therefore, the current margin position is 48.84%.
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