You Purchased 100 Shares of XON Common Stock on Margin

question 16

Multiple Choice

You purchased 100 shares of XON common stock on margin at $60 per share. Assume the initial margin is 50%, and the maintenance margin is 30%. Below what stock price level would you get a margin call? Assume the stock pays no dividend; ignore interest on margin.

• A) $42.86
• B) $50.75
• C) $49.67
• D) $80.34

---

Definitions:

Leisure Time Activities

Activities performed voluntarily during free time for enjoyment, relaxation, or recreation.

Source Citation

A reference to the original place where information was obtained, used for academic, legal, or research purposes.

Original Source

The primary document or physical object from which information was originally drawn or written, without intermediaries.

Outside Source

Any information, data, or support obtained from an entity or person not part of the immediate project or discussion.