Question
Samantha purchased 845 shares of Apple for $172,540 in a margin account and posted initial margin of 45%. His broker, Ritz, stated the maintenance margin
Samantha purchased 845 shares of Apple for $172,540 in a margin account and posted initial margin of 45%. His broker, Ritz, stated the maintenance margin requirement is 25%. The price of Apple, below which Samantha would get a margin call, is closest to
A. $100
B. $150
C. $200
D. $250
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
23rd Edition
1647084105, 978-1647084103
