Samantha purchased 845 shares of Apple for $172,540 in a margin account and posted initial margin of 45%. His broker, Ritz, stated the maintenance margin requirement is 25%. The price of Apple, below which Samantha would get a margin call, is closest to A. $100 B. $150 C. $200 D. $250

Samantha purchased 845 shares of Apple for $172,540 in a margin account and posted initial margin of 45%. His broker, Ritz, stated the maintenance margin requirement is 25%. The price of Apple, below which Samantha would get a margin call, is closest to A. $100 B. $150 C. $200 D. $250

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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