Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.05

-1.1%

12:39 PM EST

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To: Joe Fang who wrote (7027)	12/31/1996 10:20:00 PM
From: Joan Osland Graffius	of 186894

Hi Joe, >>how much do I have to pay ? Does one pay a flat 8.5 % on the money borrowed or is it adjusted to the number of days that this borrowed money from the brokerage is held ? You will have to call your broker since brokerage houses have different ways of charging for interest on margin accounts. For example my broker (Merrill Lynch) charges interest on a per day bases. Therefore I pay interest for the borrowed money in my margin account each day. If I buy and sell Intel in my margin account in one day I pay interest for the purchase price for one day. Your example of borrowing $131,000 for 20 days for 8.5% interest would be approximately $610 if your brokerage firm charges you on a daily bases. Good luck, Joan.

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