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Can I get the answers in formula and could you please show me the way. (No excel Question## 3 You purchased 50 shares of GE

Can I get the answers in formula and could you please show me the way. (No excel

Question## 3

You purchased 50 shares of GE common stock on margin at $ 60 per share.. Assume the initial margin is 50%% and the maintenance margin is 35 %.. Below what stock price level would you get a margin call?? Assume the stock pays no dividend;; ignore interest on margin..

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