Marcia Purchased 100 Shares of Hyde Foods Stock on Margin

question 98

Multiple Choice

Marcia purchased 100 shares of Hyde Foods stock on margin at a price of $35 a share. The initial margin requirement is 65% and the maintenance margin is 35%. What is the lowest the stock price can go before Marcia receives a margin call?

• A)$18.85
• B)$24.50
• C)$28.00
• D)$30.00
• E)$33.00

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