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1)You buy 500 shares of stock at a price of $45 and an initial margin of 70 percent. If the maintenance margin is 30

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1)You buy 500 shares of stock at a price of $45 and an initial margin of 70 percent. If the maintenance margin is 30 percent, at what price will you receive a margin call? 2) You decide to buy 1,500 shares of stock at a price of $35 and an initial margin of 60 percent. What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 40 percent?

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