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8) Jerri Kingston bought 100 shares of stock at $100 per share using an initial margin of 7070. Given a maintenance margin of 50%, how

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8) Jerri Kingston bought 100 shares of stock at $100 per share using an initial margin of 7070. Given a maintenance margin of 50%, how far does the stock have to drop before Jerri faces a margin call? (Assume that there are no other securities in the margin account.)

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