e

You decided to invest $10,000 of your savings in a stock whose current price is $20 per share. To utilize the benefit of margin investing, you borrowed an additional $10,000 from your broker and invested $20,000 in the stock. If the maintenance margin is 30 percent, at what price will you receive your first margin call? a. $14.29 b. $12.56 c. $17.86 d. $16.67