You purchased 200 shares of ABC common stock on margin at $52 per share. Assume the initial
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You purchased 200 shares of ABC common stock on margin at $52 per share. Assume the initial margin is 50% and the maintenance margin is 40% and there is no interest on borrowed amount. You will get a margin call if the stock drops below what price?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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