You purchased 100 shares of IBM common stock on margin at $70 per share.Assume the initial margin is 50% and the maintenance margin is 30%.Below what stock price level would you get a margin call? Assume the stock pays no dividend; ignore interest on margin.
A)$21
B)$50
C)$49
D)$80
E)none of the above

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The Answer of You purchased 100 shares of IBM common stock on margin at $70 per share.Assume the initial margin is 50% and the maintenance margin is 30%.Below what stock price level would you get a margin call? Assume the stock pays no dividend; ignore interest on margin.
A)$21
B)$50
C)$49
D)$80
E)none of the above

You Purchased 100 Shares of IBM Common Stock on Margin