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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. The price has to drop below to get a margin call: 17.14 11.00 21.93 None of the above Continuing the above problem on margin buying (use any relevant information from above), once the security price changes as follows: Bid: $16, and Ask: $17

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