Multiple Choice
You purchased 100 shares of KLM at $60 a share by depositing the minimum amount of margin.If the initial margin requirement was 50% and the maintenance margin requirement is 30%,you will get a margin call if KLM's price falls to
A) $18.
B) $20.
C) $43.
D) $40.
Correct Answer:
Verified
Correct Answer:
Verified
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