You purchased 100 shares of common stock on margin at $45 per share. Assume the initial margin is 50% and the stock pays no dividend.What would the maintenance margin be if a margin call is
26/30
You purchased 100 shares of common stock on margin at \$45 per share. Assume the initial margin is 50% and the stock pays no dividend.
What would the maintenance margin be if a margin call is made at a stock price of \$30? Ignore interest on margin.