Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
tls043 tls043
wrote...
Go to Answer
Posts: 146
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 65 times
1 Reply
Replies
Answer verified by a subject expert
malgrextoutmalgrextout
wrote...
#1
Posts: 136
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
Correct Slight Smile TY
megan.xo
wrote...

Yesterday
You make an excellent tutor!
bbbbbbbh
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1302 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 663
  
 232
  
 137
Your Opinion
Which country would you like to visit for its food?
Votes: 204
Previous poll results: Who will win the 2024 president election?