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Problem 2-13 Margin Call (LO3, CFA4) Suppose you purchase 1,450 shares of stock at $55 per share with an initial cash investment of $41,175. If
Problem 2-13 Margin Call (LO3, CFA4) Suppose you purchase 1,450 shares of stock at $55 per share with an initial cash investment of $41,175. If your broker requires a maintenance margin of 35 percent, at what share price will you be subject to a margin call? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Margin call price
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