Question: The maintenance margin is 24% Using the entire initial margin is 60%, Mrs. Kennedy purchased 150 shares at $90 per share. At What price Mrs.

The maintenance margin is 24%

Using the entire initial margin is 60%, Mrs. Kennedy purchased 150 shares at $90 per share.

At What price Mrs. Kennedy will get a margin call?

A. $58.24

B. $47.37

C. $53.78

D. None of the above

E. $49.34

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