Investor is issue margin call

Reference no: EM133655478

Question

An investor makes an initial deposit of 9000 into a brokerage account to fund stock purchases and then uses margin to purchase 110 shares of stock for firm XYZ at a price 126.00 per share. If the brokerage firm sets a maintenace mergin at 30%, to what price can the stock decline before the investor is issue a margin call?

Reference no: EM133655478

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