Question
Hailey purchase 400 shares of MLP common stock on margin at $25 per share. The initial margin is 60% and the maintenance margin is 40%.
Hailey purchase 400 shares of MLP common stock on margin at $25 per share. The initial margin is 60% and the maintenance margin is 40%. You will get a margin call if the stock price falls below _______________. (Assume the stock pays no dividends and ignore interest on the margin loan.)
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
