Business, 29.10.2019 02:31 brebun4742
You’ve borrowed $27,392 on margin to buy shares in ixnay, which is now selling at $42.8 per share. you invest 1,280 shares. your account starts at the initial margin requirement of 50%. the maintenance margin is 35%. two days later, the stock price changes to $49 per share. a. will you receive a margin call? yes no b. at what price will you receive a margin call? (round your answer to 2 decimal places.)
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You’ve borrowed $27,392 on margin to buy shares in ixnay, which is now selling at $42.8 per share. y...
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