注册 登录
上一主题：Schweser Mock 3 Book 2 Q91 AM
下一主题：CFAI Mock Exam - Morning Q46
返回列表 发帖
jawz

Rank: 3Rank: 3

UID
223234 
帖子
335 
主题
142 
注册时间
2011-7-11 
最后登录
2013-8-19 
1# 跳转到 » 倒序看帖
打印
tT
发表于 2011-7-11 18:23 | 只看该作者

Question 85 on afternoon CFA Mock exam

understand, anywhere, afternoon, commission
I do not understand the solution to this question

An investor opens a margin account with an initial deposit of $5,000. He then purchases 300 shares of a stock at $30. His margin account has a maintenance margin requirement of 30%. Ignoring commission and interest, the price (in $) at which the investor receives a margin call is closest to:

The solution calls for 300P - $4,000/300 P = .30 and solve for P

Where does the $4,000 come from? I don't see it anywhere. Does anyone know?

Thanks,

 

相关主题：

. Question 85 on afternoon CFA Mock exam

. CFAI Mock exam afternoon session problem 40

. cfa mock afternoon question 75

. ethic: CFAI sample afternoon, q4

. Another ERAT question

收藏 分享

nitoha

Rank: 2

UID
223257 
帖子
236 
主题
117 
注册时间
2011-7-11 
最后登录
2016-10-26 
2#
发表于 2011-7-11 18:23 | 只看该作者
$4000 is the loan value. The stock purchase was $9000, he put in $5000 in margin (much more than the required minimum). Thus he borrows the rest, $4000.

TOP

dmar

Rank: 2

UID
223310 
帖子
244 
主题
131 
注册时间
2011-7-11 
最后登录
2013-8-21 
3#
发表于 2011-7-11 18:23 | 只看该作者
I do them like this, its very easy for me to understand I guess it comes down to preference:

(shares)(p) - LOAN / (shares)(p) = MAINT MGN

really boils down to once the equity in the position is less than 30% you get a margin call, the only thing that can make a grown man driving a Bently cry.

TOP

返回列表
上一主题：Schweser Mock 3 Book 2 Q91 AM
下一主题：CFAI Mock Exam - Morning Q46