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PLEASE SOLVE USING EXCEL An investor buys $8,000 worth of a stock priced at $40 per share using 50% initial margin. The broker charges 6%
PLEASE SOLVE USING EXCEL
An investor buys $8,000 worth of a stock priced at $40 per share using 50% initial margin. The broker charges 6% on the margin loan and requires a 30% maintenance margin. In 1 year the investor has interest payable and gets a margin call. At the time of the margin call the stock's price must have been ____.
A. | $20 |
B. | $29.77 |
C. | $30.29 |
D. | $32.45 |
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