Youve borrowed $22,550 on margin to buy shares in Ixnay, which is now selling at...
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Accounting
Youve borrowed $22,550 on margin to buy shares in Ixnay, which is now selling at $41.0 per share. You invest 1,100 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to $40 per share.
At what price will you receive a margin call
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