You decide to buy 1,400 shares of stock at a price of $60 and aninitial margin of 70 percent. What is the maximum percentagedecline in the stock before you will receive a margin call if themaintenance margin is 30 percent? (Do not roundintermediate calculations. Enter your answer as a percent roundedto 2 decimal places. Do not include a minus sign. Omit the \"%\" signin your response.)

Stock price decline

%

Answer rating: 100% (QA)

You bought 1400 shares at 60 per share so the total purchase price was ... View the full answer