Question
You purchased 200 shares of ABC common stock on margin at $40 per share. Assume the initial margin is 50% and the maintenance margin is
You purchased 200 shares of ABC common stock on margin at $40 per share. Assume the initial margin is 50% and the maintenance margin is 35%. You will get a margin call if the stock drops below ________. (Assume the stock pays no dividends, and ignore interest on the margin loan.)
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Regulation Of Securities Markets And Transactions
Authors: Patrick S. Collins
1st Edition
0470601965, 978-0470601969
