Question: 3. Heidi Talbott has a margin account with a balance of $50,000 of her own money. The initial margin deposit is 50 percent, and RC

3. Heidi Talbott has a margin account with a balance of $50,000 of her own money. The initial margin deposit is 50 percent, and RC Industries is currently selling at $50 per share. If the maintenance margin is 25%, to what price can RC Industries stock price fall before Heidi receives a margin call? a. $21.75 b. $23.33 c. $32.00 d. $33.33 e. $22.22
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
