Marti Purchased 100 Shares of Better Foods Stock on Margin

question 98

Multiple Choice

Marti purchased 100 shares of Better Foods stock on margin at a price of $54 a share. The initial margin requirement is 60 percent and the maintenance margin is 30 percent. What is the lowest the stock price can go before Marti receives a margin call?

• A) $17.20
• B) $24.36
• C) $29.57
• D) $30.86
• E) $33.90

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