You buy stock on margin in your brokerage account when it is trading at 55.13...
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You buy stock on margin in your brokerage account when it is trading at 55.13 per share. You have 10400 in equity (cash) in your account and buy 320 shares. Ignoring transaction and loan costs, if the stock drops in value, at what price would you receive a margin call? Assume a maintenance margin level of 0.3 33.8635.7230.5032.3337.42
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