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You are about to purchase OSTK, which is currently trading at $20 per share. You...

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Finance

You are about to purchase OSTK, which is currently trading at $20 per share. You have $5,000 of your own to invest. You borrow an additional $5,000 from your broker and invest $10,000 in the stock. How far does the stock price have to fall for you to get a margin call if the maintenance margin requirement is 30%? Round your answer to 2 decimal places and enter the number without the dollar sign.

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