u've borrowed $24,128 on margin to buy shares in Ixnay, which is now selling at $41.6 per share. You invest 1,160 shares. Your count starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to er share. equired: Will you receive a margin call? O Yes O No . At what price will you receive a margin call? (Round your answer to 2 decimal places.) Stock price
u've borrowed $24,128 on margin to buy shares in Ixnay, which is now selling at $41.6 per share. You invest 1,160 shares. Your count starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to er share. equired: Will you receive a margin call? O Yes O No . At what price will you receive a margin call? (Round your answer to 2 decimal places.) Stock price
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
Section: Chapter Questions
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Transcribed Image Text:You've borrowed $24,128 on margin to buy shares in Ixnay, which is now selling at $41.6 per share. You invest 1,160 shares. Your
account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to $43
per share.
Required:
a. Will you receive a margin call?
O Yes
O No
b. At what price will you receive a margin call? (Round your answer to 2 decimal places.)
Stock price
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