Question
2. You decide to purchase 50,000 shares of Boeing at $365/share, while borrowing the maximum amount permitted by your broker in order to do so.
2. You decide to purchase 50,000 shares of Boeing at $365/share, while borrowing the maximum amount permitted by your broker in order to do so. The initial margin requirement is 60% and the maintenance margin requirement is 40%. You will receive a margin call if the stock falls to:
A. $243
B. $267
C. $292
D. None of the above
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
