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OlKu OlKu
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2 years ago
Justin just made a margin purchase of 100 shares of DEF Corp. for $22.50 per share. The initial margin is 70%. The maintenance margin is 30%. How low can the price of each share of DEF be before Justin will have to add equity to his account?

▸ $4.73

▸ $5.25

▸ $6.75

▸ $9.64
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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capsy2capsy2
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2 years ago
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Anonymous
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6 months ago
Help! The answer is missing an explanation...
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6 months ago
added the solution
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