Q4. (8 points) The current price of a stock is $32 per share. You have $20,000...
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Q4. (8 points) The current price of a stock is $32 per share. You have $20,000 to invest. You borrow an additional $12,000 from your broker and invest $32,000 in the stock. If the maintenance margin is 40 percent, at what price will a margin call first occur? Q4. (8 points) The current price of a stock is $32 per share. You have $20,000 to invest. You borrow an additional $12,000 from your broker and invest $32,000 in the stock. If the maintenance margin is 40 percent, at what price will a margin call first occur?
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