You purchased 100 shares of KLM at $60 a share by depositing the minim

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.

ANSWER

C