Question
You purchased 100 shares of common stock on margin at $60 per share. Assume the initial margin is 60% and the stock pays no dividend.
You purchased 100 shares of common stock on margin at $60 per share. Assume the initial margin is 60% and the stock pays no dividend. What would the maintenance margin be if a margin call is made at a stock price of $40? Ignore commission and interest on margin.
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Investing In Fixed Income Securities Understanding The Bond Market
Authors: Gary Strumeyer
1st Edition
0471465127, 9780471465126
