You buy 700 shares of stock at a price of $70 and an initial margin of 55 percent.
Question # 00387603
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Updated on: 09/16/2016 02:04 AM Due on: 09/16/2016
You buy 700 shares of stock at a price of $70 and an initial margin of 55 percent. If the maintenance margin is 40 percent, at what price will you receive a margin call? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
| Margin call price | $ |
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Solution: You buy 700 shares of stock at a price of $70 and an initial margin of 55 percent.