Part 1 Barbara Simmons purchases 100 shares of Home Depot stock for ​$189.29 per​ share, using as little of her own money as she could. Her broker has a 53% initial margin requirement and a 38% maintenance margin requirement. If the price of Home Depot stock falls to $140.69 per​ share, what does Barbara need to do to get the account back to the maintenance margin​ requirement?

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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Part 1
Barbara Simmons purchases 100 shares of Home Depot stock for
​$189.29
per​ share, using as little of her own money as she could. Her broker has a
53%
initial margin requirement and a
38%
maintenance margin requirement. If the price of Home Depot stock falls to
$140.69
per​ share, what does Barbara need to do to get the account back to the maintenance margin​ requirement?
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