9. Cap Anson originally purchased 100 shares of Avalon Company's stock for $13 per share on margin....

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9. Cap Anson originally purchased 100 shares of Avalon Company's stock for $13 per share on margin. The initial margin requirement is 60% and the maintenance margin requirement is 35%. To what price must the stock fall for Cap to receive a margin call?

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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