QUESTION 15 You purchased 300 shares of ABC common stock on margin at $40 per share. Assume the initial margin is so and the maintenance margin is 30. Assume the stock pays no dividend and ignore Interest on margin. Suppose you receive a margin call when the price is $20 the price drop is sudden and there is no prior margin call) How much canh do you need to put into the account 54100 53000 $6000 51800 QUESTION 16 Which of the following is NOT an advantage of the top-down inwestment approach Helps to identify undervalued securities Helps to reduce transaction costs None of the above Helps to diversify the portfolio