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3. Suppose you want to buy 550 shares of BlueSky Inc. at $23 per share. If initial margin is 0.40 and maintenance margin is 0.30,

3. Suppose you want to buy 550 shares of BlueSky Inc. at $23 per share. If initial margin is 0.40 and maintenance margin is 0.30, at what price will you receive a margin call? Show your calculations (20 MARKS)

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