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Barbara Simmons purchases 100 shares of Home Depot stock for $185.03 per share, using as little of her own money as she could. Her broker
Barbara Simmons purchases 100 shares of Home Depot stock for $185.03 per share, using as little of her own money as she could. Her broker has a 55% initial margin requirement and a 44% maintenance margin requirement. If the price of Home Depot stock falls to $144.69 per share, what does Barbara need to do? To get the account back to the maintenance margin requirement of 44%, Barbara must add $ (Round to the nearest cent.)
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