E eBook Problem 3-13 Margin Call Assume an investor shorted Company Y at a price of $48.5 using a 50% margin. This information is summarized in the following table: Initial Margin Maintenance Margin Price $48.50 50% 30% At what price would the investor face a 30% maintenance margin call? The investor would face a 30% maintenance margin call at a price of $ Round your answer to the nearest cent.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Problem 3-13 Margin Call
Assume an investor shorted Company Y at a price of $48.5 using a 50% margin. This information is summarized in the following table:
Initial Margin Maintenance Margin
Price
$48.50
50%
30%
At what price would the investor face a 30% maintenance margin call?
The investor would face a 30% maintenance margin call at a price of $
Round your answer to the nearest cent.
Transcribed Image Text:BE eBook Problem 3-13 Margin Call Assume an investor shorted Company Y at a price of $48.5 using a 50% margin. This information is summarized in the following table: Initial Margin Maintenance Margin Price $48.50 50% 30% At what price would the investor face a 30% maintenance margin call? The investor would face a 30% maintenance margin call at a price of $ Round your answer to the nearest cent.
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