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Assume you purchased 406 shares of BA common stock on margin at $311 per share from your broker. The initial required margin was 50%. If

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Assume you purchased 406 shares of BA common stock on margin at $311 per share from your broker. The initial required margin was 50%. If the price of BA goes down by 16%, what is your portfolio's updated margin (equity) percentage? "Assume you are borrowing as much as you are allowed to

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