Using the above data, for 100 shares, $4,500 borrowed, and a maintenance margin of 30 percent, a

Question:

Using the above data, for 100 shares, $4,500 borrowed, and a maintenance margin of 30 percent, a margin call will be issued when the price is 

MC price $4,500 100(1-0.30) : $64.29

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

Question Posted: