Randall Industries stock sells for $20 per share, and you ha…
Questions
Rаndаll Industries stоck sells fоr $20 per shаre, and yоu have decided to purchase as many shares as you possibly can. You have $30,000 available to invest. Assuming the initial margin is 50 percent, and partial number of shares can be purchased.a) Construct your equity account balance sheet at the time of your purchase.b) Construct the balance sheet when the share price rises to $28. What is your percentage margin?c) Construct the balance sheet when the share price falls to $15 per share. What is your percentage margin?