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Question 24 (1 point) An investor buys 100 shares of Lunox Company at $50 per share on margin with an initial margin of 60% and

Question 24 (1 point) An investor buys 100 shares of Lunox Company at $50 per share on margin with an initial margin of 60% and a maintenance margin of 30% percent. Assume you pay 5% on your borrowed amount. Assume a stock price decreases to $40, calculate the actual margin. 30% 20% 27.13% 50% None of the answers is correct

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