Self Test Equity Investments

An investor purchased 550 shares of Akley common stock for 38,500 in a margin account and posted initial margin of 50 . The maintenance margin requirement is 35 . The price of Akley, below which the investor would get a margin call, is closest to 2. Adams owns 100 shares of Brikley stock, which is trading at 86 per share, and Brown is short 200 shares of Brikley. Adams wants to buy 100 more shares if the price rises to 90, and Brown wants to cover his short position and take profits if the...