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22. You've borrowed $100,000 on margin to buy shares in Apple, which is currently selling at $170 per share. You invested 1,000 shares. Your account

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22. You've borrowed $100,000 on margin to buy shares in Apple, which is currently selling at $170 per share. You invested 1,000 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin is 40%. At what price will you receive a margin call? A) $167 B) $160 C) $142 D) $172 Answer: A 23. Now, Apple stock's price fell to $130. To restore initial margin requirement well, how much do you need to add to the margin? A) $10000 B) $20000 C) $25800 D) $37000

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