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You purchased 100 shares of Berkshire Hathaway Class B common stock on margin at $111.22 per share. Assume the initial margin is 50% and the
You purchased 100 shares of Berkshire Hathaway Class B common stock on margin at $111.22 per share. Assume the initial margin is 50% and the
maintenance margin is 30%. Below what stock price level would you get a margin call? Assume the stock pays no dividend; ignore interest on margin.
Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as
12300.46 in the answer box.
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