You purchased 100 shares of FMR stock on margin at $50 per share with a...
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Finance
You purchased 100 shares of FMR stock on margin at $50 per share with a 50% initial margin. FMR does not pay a dividend and there is no interest on your margin account. If the maintenance margin is 30%, what is the stock price in which you would receive a margin call?
A. $34.75
B. $35.71
C. $36.76
D. $37.77
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