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Posted on May 18, 2024

You want to purchase SLB currently trading at $ 5 0 per share. You have $ 1 0 , 0 0 0 of your own

You want to purchase SLB currently trading at $

50

per share. You have $

10, 000

of your own to invest. You borrow an additional $

10, 000

from your broker and invest $

20, 000

in the stock.

How far does the stock price have to fall for you to get a margin call if the maintenance margin requirement is

25 % ?

Round your answer to two decimal places.

Your Answer:

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