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Can anyone solve this ? You deposit $46,500 into a new margin account and use all of it to meet the initial 50% initial margin
Can anyone solve this ?
You deposit $46,500 into a new margin account and use all of it to meet the initial 50% initial margin requirement to stock trading at $100 per share. If the maintenance margin is 35%, what is the stock price immediately after you make the trade above which you would receive a margin call? Enter your answer rounded accurately to the nearest penny (i.e., two decimal places). Do not include a dollar sign or any other punctuationStep by Step Solution
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