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An investor opens a margin account with an initial deposit of $5000. He then purchases 300 shares of a stock at $40. His margin account

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An investor opens a margin account with an initial deposit of $5000. He then purchases 300 shares of a stock at $40. His margin account has a maintenance margin requirement of 30%. Ignoring commissions and interest, IF the price changed to 48 WHAT IS YOUR NEW EQUITY AT WHAT PRICE YOU WILL GET A MARGIN CALL PRICE

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