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You purchased 400 shares of XYZ common stock on margin at $20 per share. Assume the initial margin is 60% and the maintenance margin is 30%. You would get a margin call if the stock price is below _______________. Assume the stock pays no dividend and ignore interest on margin.

a. $15.71
b. $11.43
c. $13.57
d. $10.14

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9271967

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