Question
You have opened an account with a local broker & you placed an order for 4,000.0 shares of KLM corp. @ $8.0 a share. The
You have opened an account with a local broker & you placed an order for 4,000.0 shares of KLM corp. @ $8.0 a share. The initial margin is 50.0%; the brokers rate is 6.0% and the maintenance margin is 30.0%. The price at which you will receive a margin call from your broker is:- Select one:
a. $6.54
b. $4.95
c. $3.78
d. $5.71
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
