Question
You purchased 400 shares of FB stock for $138 a share on margin. The initial margin requirement on this stock is 50 percent and the
You purchased 400 shares of FB stock for $138 a share on margin. The initial margin requirement on this stock is 50 percent and the maintenance margin is 35 percent. What is the lowest the stock price can go before he receives a margin call?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
