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You purchase on 50% margin, 150 shares of a stock with the following quotes: Bid Ask $22 $24.00 The maintenance margin set by your broker

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You purchase on 50% margin, 150 shares of a stock with the following quotes: Bid Ask $22 $24.00 The maintenance margin set by your broker is 30%. Use this information to answer the question below. Let us say that the information above remains true, except that the security price changes as follows: Bid: $16, and Ask: $17. To satisfy the margin call you could deposit an additional in cash 120 O 84 O 264 O None of the above

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