An investor buys 100 shares of TechMart at $45 per share on margin and puts up margin of 70 percent. The required margin is 25 percent. In two months, the stock goes to $56.
-Below what price will a margin call occur?
A) $13.50
B) $54.00
C) $42.00
D) $18.00
Correct Answer:
Verified
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