Check my work 8 You buy 900 shares of stock at a price of $60 and...

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Check my work 8 You buy 900 shares of stock at a price of $60 and an in itial margin of 70 percent. If the maintenance margin

Answer 1

Answer #1

Original price (1 - Initial margin) = Price for margin call (1 - maintenance margin)

$60 * (1 - 0.70) = Price for Margin Call * (1 - 0.30)

$18 = Price for Margin Call * 0.70

Price for Margin Call = $18 / 0.70

Price for Margin Call = $25.71

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Answer 2

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