If studying philosophy can help you apply to law school, then philosophy is not useless. Studying philosophy can help you apply to law school. So, philosophy is not useless.

You buy 700 shares of stock at a price of $70 and an initial margin of 58 percent. If the maintenance margin is 40 percent, at what price will you receive a margin call?

Answer rating: 100% (QA)

To determine the price at which you will receive a margin call we need to calculate the value of the ... View the full answer