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Bianca purchased 200 shares of stock at $38 using her 70% margin account. Her maintenance margin is 40%. Bianca has no other securities in her

Bianca purchased 200 shares of stock at $38 using her 70% margin account. Her maintenance margin is 40%. Bianca has no other securities in her account.

a. What is the dollar amount of initial margin that Bianca must post?

b. If the stock declines to $30, how much will her margin account decline?

c. At $30, what is her new margin percentage?

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