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You are tracking the stock of Apple Inc, for some time, and you find it attractive at the prevailing market price of $ 4 4
You are tracking the stock of Apple Inc, for some time, and you find it attractive at the prevailing market price of $ per share. You plan to purchase shares of the share, however, due to a shortage of funds, you use the margin trading facility provided by your broker. As per the conditions of the broker, you are mandated to deposit an initial margin of with a maintenance margin requirement of
Using the information above, determine the share's threshold price below which you will receive a margin call from your broker if the share price falls.
a $
b $
c $
d $
c
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