sharonc9009 sharonc9009
  • 20-01-2023
  • Business
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You purchased 100 shares of ABC common stock on margin at $50 per share. Assume the initial margin is 50% and the maintenance margin is 30%. Below the stock price of you would get a margin call. Assume the stock pays no dividend and ignore interest on margin.
A)35.71
B)42.86
C)53.57
D)57.14

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