Question

Your customer purchased 100 shares of Cuesta Verde Homes at $15 per share in a margin account. How much must the customer deposit by settlement day to pay for the trade

Answer 1

Answer:

$1,500

Explanation:

Calculation for How much must the customer deposit by settlement day to pay for the trade

Deposit=100 shares*$15 per share

Deposit=$1,500

Therefore the amount that the customer must deposit by settlement day to pay for the trade is $1,500