You purchased 1,000 shares of common stock on margin at $30 per share. Assume the initial margin
Fantastic news! We've Found the answer you've been seeking!
Question:
You purchased 1,000 shares of common stock on margin at $30 per share. Assume the initial margin is 50%, and the stock pays no dividend. What would the maintenance margin be if a margin call is made at a stock price of $24? Ignore interest on margin.
Posted Date: