Top Posters
Since Sunday
g
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
s
2
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
tls043 tls043
wrote...
Go to Answer
Posts: 145
Rep: 0 0
2 years ago
William purchased 1000 shares of stock at a price of $32 a share. He utilized his 50% margin account to make the purchase. What is William's initial equity in this investment?

▸ -$16,000

▸ $16,000

▸ $48,000

▸ $32,000
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
Read 59 times
1 Reply
Replies
Answer verified by a subject expert
malgrextoutmalgrextout
wrote...
#1
Posts: 135
Rep: 0 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

tls043 Author
wrote...

2 years ago
This calls for a celebration Person Raising Both Hands in Celebration
djeghri
wrote...

Yesterday
Good timing, thanks!
cartoon
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  806 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 540
  
 1015
  
 162
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?