You purchased 500 shares of stock for $28.50 a share.The initial margin requirement is 65 percent and the maintenance margin is 35 percent.What is the maximum percentage decrease that can occur in the stock price before you receive a margin call?
A) 35 percent
B) 38 percent
C) 46 percent
D) 57 percent
E) 62 percent
Correct Answer:
Verified
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