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Allen Bagley bought 300 shares of stock at $92.46 per share, using an initial margin of 60% Given a maintenance margin of 26%, how
Allen Bagley bought 300 shares of stock at $92.46 per share, using an initial margin of 60% Given a maintenance margin of 26%, how far does the stock have to drop before Allen faces a margin call? (Assume that there are no other securities in the margin account) Before Allen faces a margin call, the stock has to drop to $per share. (Round to the nearest cent.)
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
