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5.) (8 points) You purchased 400 shares of a stock for $80 per share. You borrowed $12,000 from your broker to help pay for the
5.) (8 points) You purchased 400 shares of a stock for $80 per share. You borrowed $12,000 from your broker to help pay for the purchase. A.) How much initial percent margin do you have in your account? B.) If the price of the stock falls to $62 after one year, and your broker charges 10% per year on margin interest loans, what percent margin is remaining in your account after one year? If the maintenance margin amount is 40%, will you receive a margin call
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