jane doe opens a brokerage account to purchase 600 shares of qualcomm at 80 per share she borrows 10 000 from her broker to help pay for the purchase the interest rate on the loan is 6 what is the margin she purchases the stock if the price falls to

Jane Doe opens a brokerage account to purchase 600 shares of Qualcomm at $80 per share.She borrows $10,000 from her broker to help pay for the purchase.The interest rate on the loan is 6%.What is the margin she purchases the stock? If the price falls to $70 per share, what is the remaining margin?If the maintenance margin is 30%, will she receive a margin call?

 

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