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Question 40 1 pts Meridian Inc. You plan to purchase 400 shares of Meridian Inc. at $50.00 per share on marxin. The initial margin
Question 40 1 pts Meridian Inc. You plan to purchase 400 shares of Meridian Inc. at $50.00 per share on marxin. The initial margin is 55.00%, the maintenance margin is 30.00%. What is the maximum amount that you are allowed to borrow for this position? Ignore the dividends. (Round your answer to the nearest cent). 9,000 Question 41 1 pts Meridian Inc. Using data from the previous question about Meridian Inc., at what price will you receive the margin call if you borrowed the maximum allowed amount? (Round your answer to the nearest cent.)
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