Question
1)You purchased 500 shares of stock for $28.50 a share. The initial margin requirement is 65 percent and the maintenance margin is 35 percent. What
1)You purchased 500 shares of stock for $28.50 a share. The initial margin requirement is 65 percent and the maintenance margin is 35 percent. What is the maximum percentage decrease that can occur in the stock price before you receive a margin call? Group of answer choices 38 percent 62 percent 57 percent 46 percent 35 percent
2)You recently purchased 200 shares of stock at a cost per share of $32.50. The initial margin requirement on this stock is 75 percent and the maintenance margin is 50 percent. The stock is currently valued at $35.00 a share. What is your current margin position? Ignore margin interest.
Group of answer choices
76.79 percent
75.69 percent
74.95 percent
73.83 percent
73.01 percent
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