Question
You buy 800 shares of stock at a price of $72 and an initial margin of 60 percent. If the maintenance margin is 30 percent,
You buy 800 shares of stock at a price of $72 and an initial margin of 60 percent. If the maintenance margin is 30 percent, at what price will you receive a margin call?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Valuation Measuring and managing the values of companies
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
5th edition
978-0470424650, 9780470889930, 470424656, 470889934, 978-047042470
