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You are a risk taker and love tech stocks. You recently bought Nviata (which as we know has increased in value significantly over the last year). You purchase 10 stocks of Nvidia $460 per share on June 26, 2023 with an initial margin of 50% and a 30% maintenance margin. At what price will you receive a margin call? O $3285.71 ○ $644 O $230.00 O $328.57

You are a risk taker and love tech stocks. You recently bought Nviata (which as we know has increased in value significantly over the last year). You purchase 10 stocks of Nvidia $460 per share on June 26, 2023 with an initial margin of 50% and a 30% maintenance margin. At what price will you receive a margin call? O $3285.71 ○ $644 O $230.00 O $328.57

Essentials Of Investments
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
Problem 1PS
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You are a risk taker and love tech stocks. You recently bought Nviata (which as we know has increased in value significantly over the last year). You purchase 10 stocks of Nvidia $460 per share on June 26, 2023 with an initial margin of 50% and a 30% maintenance margin. At what price will you receive a margin call? O $3285.71 ○ $644 O $230.00 O $328.57
Transcribed Image Text:You are a risk taker and love tech stocks. You recently bought Nviata (which as we know has increased in value significantly over the last year). You purchase 10 stocks of Nvidia $460 per share on June 26, 2023 with an initial margin of 50% and a 30% maintenance margin. At what price will you receive a margin call? O $3285.71 ○ $644 O $230.00 O $328.57
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