Question
The current market price for XYZ is $177 per share. Initial margin is 50%, maintenance margin is 35% and margin interest is 1.75% per year.
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To calculate the price at which a margin call would occur we need to use the following formula Margi...Get Instant Access to Expert-Tailored Solutions
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
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