Allen Bagley bought 300 shares of stock at $92.46 per share, using an initial margin of...
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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 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.) 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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