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An investor buys $8,000 worth of a stock priced at $50 per share using 50% initial margin. The broker requires a 30% maintenance margin. The

An investor buys $8,000 worth of a stock priced at $50 per share using 50% initial margin. The broker requires a 30% maintenance margin. The investor will get a margin call when the price reaches $_____. (Please show work)

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