What is the remaining margin

Reference no: EM133205746

Assignment:

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?

Reference no: EM133205746

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