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02 i You purchased 400 shares of stock for $28.50 a share. The initial margin requirement is 60% and the maintenance margin is 30% .
02 i\ You purchased 400 shares of stock for
$28.50
a share. The initial margin requirement is
60%
and the maintenance margin is
30%
. What is the maximum percentage decrease that can occur in the stock price before you receive a margin call?
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