You Purchased 100 Shares of XON Common Stock on Margin

question 14

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
• E)none of the above

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Specialization

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Production Possibility Frontier

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Environmental Groups

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Unfair Trade Practices

Business methods considered unethical or illegal, which deceive, mislead, or harm consumers or competitors.