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Suppose that Apple (AAPL) is currently trading at $180 per share. Steve buys 200 shares, using $23,000 of his own money and borrowing the remainder

Suppose that Apple (AAPL) is currently trading at $180 per share. Steve buys 200 shares, using $23,000 of his own money and borrowing the remainder of the purchase price from his broker, Allan. If the maintenance margin is 45%, how far could the stock price fall before Steve would get a margin call?

A. $131.31

B. $125.68

C. $121.59

D. $118.18

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