What is the minimum amount of equity

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Reference no: EM131989591

Not long? ago, Jack Edwards bought 350 shares of Almost Anything Inc. at $41.78 per? share; he bought the stock on margin of 65%. The stock is now trading at $61.86 per? share, and the Federal Reserve has recently lowered initial margin requirements to 50%. Jack now wants to do little pyramiding and buy another 350 shares of the stock. What is the minimum amount of equity that? he'll have to put up in this? transaction?

Reference no: EM131989591

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