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You purchased 89 shares of ABC common stock on margin at $81 per share. Assume the initial margin is 50% and the maintenance margin is
You purchased 89 shares of ABC common stock on margin at $81 per share. Assume the initial margin is 50% and the maintenance margin is 30%. 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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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
