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You've borrowed $30,000 on margin to shares in Tortuga, which is now selling at $60 per share. Your account starts with the initial margin requirement
You've borrowed $30,000 on margin to shares in Tortuga, which is now selling at $60 per share. Your account starts with the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price falls to $50 per share. How low can the price of Tortuga shares fall before you receive a margin call? $44.27 $40.78 $46.15 $43.15
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