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Assume you purchased 200 shares of GE common stock on margin at $50/share and borrowed $5,000 from your broker to finance the purchase. Assume that
Assume you purchased 200 shares of GE common stock on margin at $50/share and borrowed $5,000 from your broker to finance the purchase. Assume that your broker enforces a 30% maintenance margin. At what price will you receive a margin call? a) $71.43 b) $35.71 c) $15.00 d) $38.46
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