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An investor buys $8,000 worth of a stock priced at $40 per share using 50% initial margin and requires a 30% maintenance margin. At the
An investor buys $8,000 worth of a stock priced at $40 per share using 50% initial margin and requires a 30% maintenance margin. At the time of the margin call the stock's price must have been less than ________.
A) $20
B) $28.57
C) $30.29
D) $32.45
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