Question
You purchased 200 shares of CNX common stock on margin at $44 per share. Assume the initial margin is 50% and the maintenance margin is
You purchased 200 shares of CNX common stock on margin at $44 per share. Assume the initial margin is 50% and the maintenance margin is 26%. You will get a margin call if the stock drops below ________.
Assume the stock pays no dividends, and you pay no interest on the margin loan.
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Financial Management For Decision Making
Authors: Harold Jr. Bierman, Seymour Smidt
1st Edition
1587982129, 9781587982125
