You purchased 100 shares of ibm common stock on margin at, Financial Management

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You purchased 100 shares of ibm common stock on margin at

You purchased 100 shares of IBM common stock on margin at $70 per share. Assume the initial margin is 50% and the maintenance margin is 30%. Below what stock price level would you get a margin call? Assume the stock pays no dividend; ignore interest on margin.

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Financial Management: You purchased 100 shares of ibm common stock on margin at

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Financial Management: You purchased 100 shares of ibm common stock on margin at

Reference No:- TGS0976002

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