Multiple Choice
You purchased 200 shares in ABC on margin at $50 per share. Assume the initial margin is 50% and the maintenance margin is 30%. You will get a margin call if the share drops below ________. (Assume the share pays no dividends and ignore interest on the margin loan.)
A) $26.55
B) $35.71
C) $28.95
D) $30.77
Correct Answer:
Verified
Correct Answer:
Verified
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