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10. Peter made a margin purchase of 500 shares of XYZ Corp. for $28 per share using the full margin. The initial margin is 50%
10. Peter made a margin purchase of 500 shares of XYZ Corp. for $28 per share using the full margin. The initial margin is 50% and the maintenance margin is 30%. How low can the price of each share of ABC be before Peter will get a margin call? Assume there are no other securities in the account. Show calculations
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