Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Dr Mary Rogowski opens a new margin account at Robinson and Hendricks brokerage firm which...

Dr Mary Rogowski opens a new margin account at Robinson and Hendricks brokerage firm which requires a 65% initial margin and a 45% maintenance margin She purchases 13000 and stock in Bell Foods

Dr. Mary Rogowski opens a new margin account at Robinson and Hendricks brokerage firm, which requires a 65% initial margin and a 45% maintenance margin. She purchases 13,000 and stock in Bell Foods using her margin account to the full extent allowable. Prior to any interest being credited on the margin account, by which percentage may the stock fall without Dr. Rogowski's account violating the maintenance margin? Assume that she does not use the margin account for any other purpose and that no interest is credited.

 

Apr 08 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions