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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. $5.71 c. $4.95 d. $3.78 please answer as soon as possible
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. $5.71
c. $4.95
d. $3.78
please answer as soon as possible
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