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Please answer accurately and I will give a good review. Also please show your work and identify the answer clearly so I may us this
Please answer accurately and I will give a good review. Also please show your work and identify the answer clearly so I may us this for study purposes
Problem 3-15 You've borrowed $20,000 on margin to buy shares in Ixnay, which is now selling at $50 per share. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price falls to $48 per share. a. Will you receive a margin call? Yes O No b. How low can the price of lxnay shares fall before you receive a margin call? (Round your answer to 2 decimal places.) ]or lower Margin call will be made at priceStep by Step Solution
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