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32. If an investor buys 1,000 shares at $50 and the initial margin is 60% and the maintenance margin is 30%, the investor will receive

32. If an investor buys 1,000 shares at $50 and the initial margin is 60% and the maintenance margin is 30%, the investor will receive the first margin call when the stock price falls below:

a. $41.29

b. $38.52

c. $31.57

d. $28.57

e. $26.77

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