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2 (of 5) 2. 1000 value 10.00 points You decide to buy 600 shares of stock at a price of $72 and an initial margin

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2 (of 5) 2. 1000 value 10.00 points You decide to buy 600 shares of stock at a price of $72 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 30 percent? (Do not round intermediat decimal places. Do not include a minus sign. Omit the"%" sign in your response.) e calculations. Enter your answer as a percent rounded to 2 References eBook& Resources Learning Objective 02-03 How to calculate intial and maintenance margin Worksheet Difficulty: 1 Easy Ask me anything

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