Nelson purchased 1,600 shares of stock for $18.75 a share.The initial margin requirement is 70 percent and the maintenance margin is 40 percent.What is the maximum percent by which the stock price can decline before he receives a margin call?
A) 30 percent
B) 45 percent
C) 50 percent
D) 65 percent
E) 70 percent
Correct Answer:
Verified
Q64: You purchase 500 shares of stock on
Q65: Tony purchased 100 shares of T-Rex stock
Q66: Seven months ago,you purchased 400 shares of
Q67: Rudolfo purchased 900 shares of stock for
Q68: Eight months ago,Freda purchased 500 shares of
Q70: Aaron purchased 300 shares of a technology
Q71: You recently purchased 200 shares of stock
Q72: Mary purchased 100 shares of Best Foods
Q73: Three months ago,Trevor purchased 500 shares of
Q74: You purchased 800 shares of stock for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents