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Allen Bagley bought 300 shares of stock at $95.26 per share, using an initial margin of 52%. Given a maintenance margin of 26%, how far

Allen Bagley bought 300 shares of stock at $95.26 per share, using an initial margin of 52%. Given a maintenance margin of 26%, how far does the stock have to drop before Allen faces a margin call? (Assume that there are no other securities in the margin account.)

Before Allen faces a margin call, the stock has to drop to $ ( ) per share. (Round to the nearest cent.)

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