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John establishes the following positions using 50% margin at 15% interest rate per year, 300 shares of ABC Inc. at $50 250 shares of XYZ
John establishes the following positions using 50% margin at 15% interest rate per year, 300 shares of ABC Inc. at $50 250 shares of XYZ Inc. at $35 400 shares of LMN Inc. at $40 Suppose that the John's broker will make margin call at 35%. Assuming that stock prices of ABC and XYZ increase by 5% during the year, at what share price of LMN Inc., John would receive a margin call? Select one: a. $26.64 b. $23.12 c. $25.56 d. $27.11 e. $24.17 Next page landin Salutis MacBook Pro 1 2 $ 4 3 % 5 6 8 7 8 9 0 Q W E R T C Y 0 A S D F G I J K
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