You purchased 100 shares of IBM common stock on margin at $70 per share. Assume...
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Finance
You purchased 100 shares of IBM common stock on margin at $70 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.
| $49 | ||
| $50 | ||
| $80 | ||
| $21 |
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