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1 You've borrowed $21,518 on margin to buy shares in Facebook, which is now selling at $40.6 per share. You invest 1,060 shares. Your account
1 You've borrowed $21,518 on margin to buy shares in Facebook, which is now selling at $40.6 per share. You invest 1,060 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to $38 per share. a. Will you receive a margin call? 02:11:55 Yes No b. At what price will you receive a margin call? (Round your answer to 2 decimal places.) Stock price
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