You decide to buy 1300 shares of stock at a price of 36 and, Ask an Expert

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You decide to buy 1,300 shares of stock at a price of $36 and an initial margin of 65 percent. What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 40 percent? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Do not include a minus sign. Omit the "%" sign in your response.)

Stock price decline %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91941460

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