Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you buy 500 shares of stock at a price of $38 and

You buy 500 shares of stock at a price of $38 and an initial margin...

90.2K

Verified Solution

Question

Accounting

You buy 500 shares of stock at a price of $38 and an initial margin of 50 percent. If the maintenance margin is 35 percent, at what
price will you receive a margin call?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Margin call price
eBook
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Dinklage Corp. has 8 million shares of common stock outstanding. The current share price is $82,...

Finance
Q

In a recent year, about two-thirds of U.S. households purchased ground coffee. Consider the annual ground...

Basic Math
Q

1. \"The Black Death serves as a major turning point in the history of European civilization.\"...

Biology
Q

Calculate the standard potential, E°, for this reaction from its equilibrium constant at 298 K. X(s)...

Chemistry
Q

Summarize the Source-Filter Theory. Be sure to incorporate glottal spectrum, resonance, bandpass filter, variable resonator, and the...

Physics
Q

Which of the following best describes skeletal muscle repair after acute damage in a healthy...

Biology
Q

Fission of nuclei is possible because the binding energy 2005 per nucleon in them A...

Physics
Q

X the number of CT resid What is the standard deviati O 1 183 residents...

Statistics
Q

Consider the solid region E bounded from above by the surface x+y+z=4, bounded from the...

Calculus
Q

Find the solution set of the equation. Use / to enter fractions, as in 3/4...

Calculus
Q

The current price of a stock is $77, the sigma is 0.20 and the continuously-compounded...

Accounting
Q

Required information {The following information applies to the questions displayed below) In 2021, the Westgate...

Accounting