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( 1 8 ) . You purchased 1 5 0 shares of Wal - Mart stock on margin for $ 5 0 per share (

(18). You purchased 150 shares of Wal-Mart stock on margin for $50 per share (you put in the minimum amount of cash allowed). The initial margin is 40% and the maintenance margin is 30%. Below the stock price of __________, you would get a margin call. Assume the stock pays no dividends and ignore interest on margin.
(a) $42.86
(b) $43.85
(c) $40.85
(d) $41.86
(e) $44.50

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