David purchased 1 0 0 shares of stock at $ 2 0 using her 6 0 %

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Question:

David purchased

100

shares of stock at $

20

using her

60 %

margin account

(

.

.

he can only borrow

40 %

of the account value with a margin loan

) .

His maintenance margin is

50 % .

David has no other securities in her account. The moment the stock price falls below X

,

David will receive a margin call. What is X

?

Posted Date: May 18, 2024 11:11 PM

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David purchased 1 0 0 shares of stock at $ 2 0 using her 6 0 %

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