Marcia purchased 100 shares of Hyde Foods stock on margin at a price of $35 a share. The initial margin requirement is 65 percent and the maintenance margin is 35 percent. What is the lowest the stock price can go before Marcia receives a margin call?
A. $30.00
B. $33.00
C. $18.85
D. $24.50
E. $28.00
Answer: C
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Fill in the blank(s) with the appropriate word(s).
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