Mary purchased 100 shares of Best Foods stock on margin at a price of $49 a share.The initial margin requirement is 65 percent and the maintenance margin is 30 percent.What is the lowest the stock price can go before Mary receives a margin call?
A) $17.00
B) $24.50
C) $28.00
D) $30.00
E) $33.00
Correct Answer:
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