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Suppose that you buy 200 shares of XYZ at $80 per share and that you finance $6,000 of your investment with a margin loan at
Suppose that you buy 200 shares of XYZ at $80 per share and that you finance $6,000 of your investment with a margin loan at 6% interest. What price will XYZ have to be in one year in order for you to receive a margin call if your broker requires a maintenance margin of 25%? (Do not round intermediate calculations. Negative values should be indicated by a minus sign. Round your answer to 2 decimal places.)
Margin Call Price $
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