An investor buys 6000 worth of a stock priced at 30 per, Ask an Expert

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An investor buys $6,000 worth of a stock priced at $30 per share using 50% initial margin. The broker charges 5% on the margin loan and requires a 40% maintenance margin. In 1 year the investor has interest payable and gets a margin call. At the time of the margin call the stock's price must have been ________.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92304519

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