Question
Builtrite stock is currently selling for $70 a share. You purchase 100 shares using 60% margin and later the stock is selling for $52 a
Builtrite stock is currently selling for $70 a share. You purchase 100 shares using 60% margin and later the stock is selling for $52 a share. What stock price would trigger a margin call (using 25%)?
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Get StartedRecommended Textbook for
Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
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