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An investor borrows $22,000 on margin to buy 1,000 shares in Tamarind, Inc. at $55 per...

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Finance

An investor borrows $22,000 on margin to buy 1,000 shares inTamarind, Inc. at $55 per share. The initial margin requirement is50% while the maintenance margin is 35%.

a.) What is the margin (%) in the account at purchase of thestock?

b.) To what level will the stock price have to fall to generatea margin call?

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