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2. last month, you recently purchased 1000 shares of stock at a cost per share of $83.50. The initial margin requirement on this stock is

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2. last month, you recently purchased 1000 shares of stock at a cost per share of $83.50. The initial margin requirement on this stock is 40 percent and the maintenance margin is 30 percent Today, the stock is currently valued at $55.00 a share. What is your current margin position? Ignore margin interest. What is the minimum or critical stock price (P") before you receive a marginal call from your broker? If stock price valued at $45.00 a share, woud you receive a margin call from your broker? if Yes, how much would you need to make additional deposits to your account

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