You buy 400 shares of stock at a price of 64 and an initial, Ask an Expert

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You buy 400 shares of stock at a price of $64 and an initial margin of 50 percent. If the maintenance margin is 30 percent, at what price will you receive a margin call? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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Financial Management, Finance

Category:- Financial Management
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