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07-010 are based on the following paragraph You have $5,000 cash and borrow another $5,000 from the broker to purchase 200 shares of XYZ common
07-010 are based on the following paragraph You have $5,000 cash and borrow another $5,000 from the broker to purchase 200 shares of XYZ common stock on margin at $50 per share. Assume the maintenance margin is 30%, the stock pays no dividends, and there is no interest on the margin loan. 7) What is your initial margin? 30 SON O None of the others 100N Question 8 1 pts You will get a margin call if the stock drops below $35.73 540.77 0 546.55 O $38.95 Question 9 1 pts Assuming that the price drops to $32 and you get a margin call, how much cash do you need to add to the account to meet the maintenance margin requirement? O $6.400 5520 O $1.920 None of the others Question 10 1 pts Assuming that the price drops to $32 and you get a margin call, how many shares do you need to sell to meet the maintenance ma
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