FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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What is the initial margin requirement?
Transcribed Image Text:You purchase 800 shares of Zephyr Corp. stock
on margin at a price of $52 per share. Your
broker requires you to deposit $20,400.
1. What is your margin loan amount?
2. What is the initial margin requirement?
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