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Big Money Investor Miguel Torres goes long 2500 shares of XYZ stock at $52 per share, using as little of his own money as he
Big Money Investor Miguel Torres goes long 2500 shares of XYZ stock at $52 per share, using as little of his own money as he could. His broker allows full initial margin, but restricts maintenance margin to 30%. After taking this position, the price of the stock begins to fall. Miguel nervously watches the market close and begins to freak out as the price falls rapidly overnight to $32 per share. Miguel is worried he will be facing margin call when the markets open in the morning, so he (you) quickly calculates the share price at which margin call is triggered. What is the margin call price per share ($) given his position
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