Solved: Amy jenkins bought 100 shares of stock at 70 per share, Accounting Basics

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Amy jenkins bought 100 shares of stock at 70 per share

Question: Amy Jenkins bought 100 shares of stock at $70 per share using an initial margin of 50%. Given a maintenance margin of 30%, how far does the stock have to drop before Amy faces a margin call? (Assume that there are no other securities in the margin account.)

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Accounting Basics: Amy jenkins bought 100 shares of stock at 70 per share

Reference No:- TGS02419602

Now Priced at $15 (50% Discount)

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Prepared by a verified Expert

Accounting Basics: Amy jenkins bought 100 shares of stock at 70 per share

Reference No:- TGS02419602

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