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You have just purchased 100 shares of Ford Motor at $70 per share on margin. The initial margin requirement is 60 percent. The maintenance margin is 40 percent. If the stock price falls to $30, how much cash do you have to add to your margin account if you do not retire the debt?

a. $1,666.66

b. $1,687.78

c. $1,656.32

d. $1,674.96

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92412553

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