Question
Jerri Kingston bought 100 shares of stock at $ 87.98 per share, using an initial margin of 50 % for maintenance margin of 25 %
Jerri Kingston bought 100 shares of stock at $ 87.98 per share, using an initial margin of 50 % for maintenance margin of 25 % how far does the stock have to drop before Jerri faces a margin call? (Lets assume that there are no other securities in the margin account.)
Before Jerri faces a margin call, the stock has to drop to _______Per Share.
per share. (Round to the nearest cent.)
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
