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An investor buys 100 shares of Lunox Company at $50 per share on margin with an initial margin of 60% and a maintenance margin of

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An investor buys 100 shares of Lunox Company at $50 per share on margin with an initial margin of 60% and a maintenance margin of 30% percent. Assume you pay 5% on your borrowed amount. Assume a stock price decreases to $20, how much money do you have to put into the account to satisfy the margin call? None of the answer is correct $2,000 $1,333 $857 $4,666

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