Multiple Choice
Exhibit 4-2
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)
Heidi Talbott has a margin account with a balance of $50,000. If the initial margin deposit is 50%, and RC Industries is currently selling at $50 per share:
-Refer to Exhibit 4-2. If the maintenance margin is 25%, to what price can RC Industries stock price fall before Heidi receives a margin call?
A) $21.75
B) $23.33
C) $32.00
D) $33.33
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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