You purchase 300 shares of stock on a 60 percent initial margin. If the stock price when purchased was $29 and the maintenance margin is 30 percent, at what stock price will you receive a margin call?

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The Answer of You purchase 300 shares of stock on a 60 percent initial margin. If the stock price when purchased was $29 and the maintenance margin is 30 percent, at what stock price will you receive a margin call?

You Purchase 300 Shares of Stock on a 60 Percent