You buy 500 shares of stock at a price of $38 and an initial margin of 60

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You buy 500 shares of stock at a price of $38 and an initial margin of 60 percent. If the maintenance margin is 30 percent, at what price will you receive a margin call?

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Fundamentals of Investments Valuation and Management

ISBN: 978-0078115660

7th edition

Authors: Bradford Jordan, Thomas Miller

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Question Posted: Nov 18, 2016 09:25 AM

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You buy 500 shares of stock at a price of $38 and an initial margin of 60

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Fundamentals of Investments Valuation and Management

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