Hailey purchase 400 shares of mlp common stock on margin at, Ask an Expert

Finance

Hailey purchase 400 shares of MLP common stock on margin at $25 per share. The initial margin is 60% and the maintenance margin is 40%. You will get a margin call if the stock price falls below _______________. (Assume the stock pays no dividends and ignore interest on the margin loan.)

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9903116

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