What is the new margin on the account

Reference no: EM132067204

Question: Megan bought 200 shares of stock at a price of $10 a share. She used her margin account with a 70% initial margin to make the purchase. After a year, the price of the stock is $12 a share. What is the new margin on her account? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132067204

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