Question: Doug buys Mayonnaise, Inc. stock for $112 using a margin account with a 50% initial margin and a 35% maintenance margin. Assuming the price of

Doug buys Mayonnaise, Inc. stock for $112 using a margin account with a 50% initial margin and a 35% maintenance margin. Assuming the price of the stock drops to $56, how much would Doug need to pay to restore the equity in his account to the maintenance margin?

Group of answer choices

$0.

$14.80.

$19.60

$22.40.

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