Marcia purchased 100 shares of Hyde Foods stock on margin at a price of $35 a share.The initial margin requirement is 65 percent and the maintenance margin is 35 percent.What is the lowest the stock price can go before Marcia receives a margin call?
A) $18.85
B) $24.50
C) $28.00
D) $30.00
E) $33.00
Correct Answer:
Verified
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