Ghaith purchased 200 shares of stock at $19 using his 70% margin account. his maintenance margin is 40%. At what price will Ghaith receive a margin call?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
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Ghaith purchased 200 shares of stock at $19 using his 70% margin account. his maintenance margin is 40%. At what price will Ghaith receive a margin call?
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