You purchased 100 shares of Loblaws stock on margin at a price of $49 a share. You

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You purchased 100 shares of Loblaws stock on margin at a price of $49 a share. You deposited $2940 into the account and the required margin is 30%. How low can the stock price go before you receive a margin call?

Posted Date: May 11, 2024 04:53 AM

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You purchased 100 shares of Loblaws stock on margin at a price of $49 a share. You

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To determine how low the stock price can go before you receive a margin call we need to calculate th... View the full answer

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