Question
The price of Facebook stock is currently at $30 and you decide to buy 200 shares on margin. You borrow $3,000 from your broker and
The price of Facebook stock is currently at $30 and you decide to buy 200 shares on margin. You borrow $3,000 from your broker and finance the remainder of the purchase with your own cash.
If the broker's maintenance margin is 40%, what is the minimum value that Facebook stock price can take before you are issued a margin call?
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The Foundations Of Business Analysis
Authors: M Douglas Berg
1st Edition
1465222030, 9781465222039
