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26. [4 points]. Jeff purchases 120 shares of stock ABC at $34 per share. Initial margin requirement is 45%, maintenance margin requirement is 35%, and

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26. [4 points]. Jeff purchases 120 shares of stock ABC at $34 per share. Initial margin requirement is 45%, maintenance margin requirement is 35%, and margin loan interest is 10%. The price drops to $21. Will the margin call be issued? If yes, what will be the margin call 34 1-45 amount

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