You have $20,000 to invest and you have decided to buy Shake Shack (SHAK) on margin Your broker requires an initial margin of 60 and a maintenance margin of 40 Currently, Shake Shack is trading for $160 per share Assume you bought 208 shares in question 1, how far can the price fall before your broker issues a margin call $115 92 110 24 $98 76 $106 41 $102 82

Question

You have $20,000 to invest and you have decided to buy Shake Shack (SHAK) on margin  Your broker requires an initial margin of 60  and a maintenance margin of 40   Currently, Shake Shack is trading for $160 per share  Assume you bought 208 shares in question   1, how far can the price fall before your broker issues a margin call  $115 92 110 24 $98 76 $106 41 $102 82

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Question

You have $20,000 to invest and you have decided to buy Shake Shack (SHAK) on margin. Your broker requires an initial margin of 60% and

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