What is the highest stock price at which you would receive


Say you buy 87 shares of APL for $164 per share on 60% initial margin. The maintenance margin is 40%.

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a) Say APL increases to $200 per share. What is your margin percentage now?

b) Assume APL increased from $164 to $200 per share. What was the percentage change in your equity?

c) What is the highest stock price at which you would receive a margin call?

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Financial Management: What is the highest stock price at which you would receive
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