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1. The current price of Microsoft is selling at $45 per share. You use $10,000 to buy 400 shares and borrow the remainder of the

1. The current price of Microsoft is selling at $45 per share. You use $10,000 to buy 400 shares and borrow the remainder of the purchase price from your broker. If the maintenance margin is 25%, how low can Microsofts price fall before you get a margin call?

A. $26.7

B. $28.2

C. $31.7

D. $33.1

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