If IIROC limits the margin on O stock to 70 percent, initially how much money would you need to personally invest to purchase $10 000 worth of BMO stock?

Question

Quizplus · Accepted Answer

If IIROC limits the margin on O stock to 70%, then you would need to personally invest 30% of the total amount. Therefore, to purchase $10,000 worth of BMO stock, you would need to invest $3,000 (30% of $10,000).

If IIROC Limits the Margin on O Stock to 70