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teresa buys 100 shares of XYZ sock on margin at $20 per share. If the margin requirement is 45 percent, the interest rate is 10 percent, and she holds the security for 1 year, how much interest must she pay?
10 years ago

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Answered by Ms. Sue
What is Phenoix?

It certainly isn't a school subject!
10 years ago
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teresa buys 100 shares of XYZ sock on margin at $20 per share. If the margin requirement is 45 percent, the interest rate is 10 percent, and she holds the security for 1 year, how much interest must she pay?

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