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Allan purchased 5 0 0 shares of stock on margin for $ 3 1 . 7 5 a share and sold the shares 6 months
Allan purchased shares of stock on margin for $ a share and sold the shares
months later for $ per share. The initial margin was and the maintenance
margin was The interest rate on the margin loan was He received no
dividend income. What is the minimum price that the stock could fall before Allan
received a margin call?
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