Question: USE MARGIN CALL PRICE FOR b) You open up a 60% margin account to purchase $10,000 worth of IBM stock at $50 per share. a)

USE MARGIN CALL PRICE FOR b) You open up a 60% margin USE MARGIN CALL PRICE FOR b)

You open up a 60% margin account to purchase $10,000 worth of IBM stock at $50 per share. a) Ignoring any interest charges for the margin account, at what price will the margin account be called, if the maintenance level is 30%? b) If you decide to not close the account, how much additional money do you need to put into the margin account

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