Question
Pat just made a margin purchase of 100 shares of ABC Corp. for $45 per share. The initial margin is 70%. The maintenance margin is
Pat just made a margin purchase of 100 shares of ABC Corp. for $45 per share. The initial margin is 70%. The maintenance margin is 30%. How low can the price of each share of ABC be before Pat will have to add equity to his account?
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Cash Flow Stock Investing
Authors: Randall Stewart
1st Edition
1980883300, 978-1980883302
