What is the customer's combined equity? A customer has a margin - ProProfs Discuss
Topics-
Products +
     

What is the customer's combined equity? A customer has a margin account with a long market value of $15,000, a debit balance of $8,000, a credit balance of $10,000, and a short market value of $4,000.



A. $28,000
B. $15,000
C. $13,000
D. $12,000

This question is part of Margin Accounts - Series 7
Asked by Esalas, Last updated: Jun 28, 2019

+ AnswerRequest Answer
...

1 Answer

John Smith

John Smith

Answered on Jun 22, 2017

$13,000

The formula for combined equity is: (LMV - DR) + (CR - SMV)
 Reply

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.