Award: 2.00 points You purchased 200 shares of ABC common stock on margin at $50 per share. Assume the initial margin is 50% and the maintenance margin is 30%. You will get a margin call if the stock drops below (Assume the stock pays no dividends, and ignore interest on the margin loan.) $26.55 $35.71 $28.95 $30.77 O Equity = 200P-5,000 Margin = (200P - 5,000/200P = 30 200P-5,000 = 60P 140P = 5,000 P = 35.71429 References Multiple Difficulty: 3 Hard Learning Objective: 03-04 Award: 2.00 points You purchased 200 shares of ABC common stock on margin at $50 per share. Assume the initial margin is 50% and the maintenance margin is 30%. You will get a margin call if the stock drops below (Assume the stock pays no dividends, and ignore interest on the margin loan.) $26.55 $35.71 $28.95 $30.77 O Equity = 200P-5,000 Margin = (200P - 5,000/200P = 30 200P-5,000 = 60P 140P = 5,000 P = 35.71429 References Multiple Difficulty: 3 Hard Learning Objective: 03-04