Question
Jenny purchases shares of Shrimp Co. for $32.50 using margin account with a 50% initial margin. Assuming the maintenance margin is 35% at what price
Jenny purchases shares of Shrimp Co. for $32.50 using margin account with a 50% initial margin. Assuming the maintenance margin is 35% at what price will jenny receive a margin call?
Answer = $25.00 I am unsure how to get to the answer, could someone please demonstrate with work?
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Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
