Question
Suppose you purchase 200 shares of Tesla stock (TSLA) trading at $750 by borrowing $50,000 from your broker. Your broker requires 40% of maintenance margin.
Suppose you purchase 200 shares of Tesla stock (TSLA) trading at $750 by borrowing $50,000 from your broker. Your broker requires 40% of maintenance margin. At what price of TSLA, would you receive a margin call?
Group of answer choices
416.67
750.00
545.66
452.12
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
