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a Linda has a margin account with a cash balance of $150,000. Given that the initial margin requirement is 50% and a stock YYY is
a Linda has a margin account with a cash balance of $150,000. Given that the initial margin requirement is 50% and a stock YYY is currently selling at $100 per share. Linda would like to use her margin account to buy the stock YYY as much as possible. If the maintenance margin requirement is 30%, the stock price for YYY drops after Linda buys the stock. What is the lowest level the price can drop to without triggering a margin call? (Please choose the closest answer!) A. $68. B. $70. C. $72. D. $74. $76. E
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