Answer Happy

Merrill Lynch
Securities opens a margin account on behalf of its Middle Eastern
Institutional Client EFG Hermes.
Kindly find below the terms
of trading facilities:
Ticker Symbol
Position
# shares
$Price/share
AMZN U.S.: Nasdaq
Long
500K
3,060.00
AAPL U.S.: Nasdaq
Long
700K
163.00
BRK-B U.S.: Nasdaq
Long
200K
310.00
1- How much equity the investor needs to
place in order to execute its orders. 2- By the
end of the day, NYSE closes at:
AMZN U.S.: Nasdaq
2890.00
AAPL U.S.: Nasdaq
160.00
BRK-B U.S.: Nasdaq
280.00
Please prepare the
balance statement of EFG Hermes at the end of the day. What is
its daily margin?
3- By how much should
the price of each position
fall for a call margin?