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Posted on Sep 10, 2024

An investor opens a margin account with an initial deposit of $ 6 2 0 0 . He then purchases 4 5 0 shares of

An investor opens a margin account with an initial deposit of $ $6200 .$ He then purchases $450$

shares of a stock at $ $45 .$ His margin account has a maintenance margin requirement of $30 % .$

Ignoring commissions and interest, IF the price changed to $34$

WHAT IS YOUR NEW EQUITY

AT WHAT PRICE YOU WILL GET A MARGIN CALL PRICE $?$

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