Three hundred shares of stock are purchased on margin at a price of $42 per share plus $150 in brokerage commissions at a time when the margin requirement is 50 percent.How much additional cash would you need to deposit with your broker if the price of the stock dropped to $37 per share?
(a)$825
(b)$1,500
(c)$1,650
(d)$5,550

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The Answer of Three hundred shares of stock are purchased on margin at a price of $42 per share plus $150 in brokerage commissions at a time when the margin requirement is 50 percent.How much additional cash would you need to deposit with your broker if the price of the stock dropped to $37 per share?
(a)$825
(b)$1,500
(c)$1,650
(d)$5,550

Three Hundred Shares of Stock Are Purchased on Margin at a Price