Aaron purchased 200 shares of a technology stock for $14.80 a share. The initial margin requirement on this stock is 85 percent and the maintenance margin is 60 percent. What is the lowest the stock price can go before he receives a margin call?
A) $4.43
B) $5.55
C) $6.02
D) $8.33
E) $10.03
Correct Answer:
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