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16. Nu Suppose that a technology stock is currently selling at $50 per share. You buy 800 shares using $30,000 of your own money, borrowing

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16. Nu Suppose that a technology stock is currently selling at $50 per share. You buy 800 shares using $30,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 8%. a.) What is the percentage increase in the net worth of your brokerage account if the price of the stock immediately changes to $55.00. Pe b.) If the maintenance margin is 25%, how low can the price fall before you get a margin call? en HE 17.Multinle Chains

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