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Using a margin trade, you purchased 200 shares of ABC common stock at $60 per share. Assume the initial margin is 50% and the maintenance

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Using a margin trade, you purchased 200 shares of ABC common stock at $60 per share. Assume the initial margin is 50% and the maintenance margin is 30%. You will get a margin call if the stock drops below (Assume the stock pays no dividends and ignore interest on the margin loan.) Select one: a. $35.71 b. $38.57 c. $39.29 d. $42.86 e. $46.15

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