Question: M 7 Problem - 1 2 eBook roblem 3 - 1 2 Margin Call Assume an investor went long Citigroup, Inc. ( C ) at

M7 Problem-12
eBook
roblem 3-12 Margin Call
Assume an investor went long Citigroup, Inc.(C) at a price of $29 using a 50% margin. This information is summarized in the following table:
At what price would the investor face a 40% maintenance margin call?
The investor would face a 40% maintenance margin call at a price of $
. Round your answer to the nearest cent.
M7 Problem-12 eBook roblem 3-12 Margin Call Assume an investor went

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