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An investor buys 300 shares of XYZ Ltd at $118.07 per share on margin. The initial margin requirement is 50 percent, and the maintenance margin

An investor buys 300 shares of XYZ Ltd at $118.07 per share on margin. The initial margin requirement is 50 percent, and the maintenance margin is 31 percent.

  1. Three weeks later, the price declines to $43.86. Show by calculations if a margin call is generated and how much is the margin call.

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