Question
Tori purchased 300 shares of Flagler Enterprises stock at the price of $44 per share with a margin account. The initial margin was 60 percent
Tori purchased 300 shares of Flagler Enterprises stock at the price of $44 per share with a margin account. The initial margin was 60 percent and the maintenance margin is 25 percent. What is the lowest stock price before Tori receives a margin call?
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A. $13.48
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B. $23.47
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C. $11.73
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D. $14.29
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
6th Edition
003025809X, 978-3540014386
