Business, 18.11.2019 21:31 emilyplays474
You’ve borrowed $28,000 on margin to buy shares in ixnay, which is now selling at $40 per share. your account starts at the initial margin requirement of 50%. the maintenance margin is 30%. two days later, the stock price falls to $38 per share. a. will you receive a margin call? yes no b. how low can the price of ixnay shares fall before you receive a margin call? (round your answer to 2 decimal places.)
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You’ve borrowed $28,000 on margin to buy shares in ixnay, which is now selling at $40 per share. you...
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