Lisa purchased 500 shares of ABC stock trading at $40 per share, with an initial margin requirement of 60% and a maintenance margin of 30%.  At what price would Lisa receive a margin call? $20.00 $22.86 $57.14 $80.00

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Lisa purchased 500 shares of ABC stock trading at $40 per share, with an initial margin requirement of 60% and a maintenance margin of 30%.  At what price would Lisa receive a margin call?

$20.00

$22.86

$57.14

$80.00

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