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Consider that you are bullish on LMP stocks, currently selling at $50 per share. You purchased on margin 200 shares. The broker requires 50% and

Consider that you are bullish on LMP stocks, currently selling at $50 per share. You purchased on margin 200 shares. The broker requires 50% and 30% for the initial and maintenance margins respectively. How far could the stock price fall for you to get a margin call? image text in transcribed
11. Consider that you are bullish on LMP stocks, currently selling at $50 per share. You purchased on margin 200 shares. The broker requires 50% and 30% for the initial and maintenance margins respectively. How far could the stock price fall for you to get a margin call? * O a. $26.55 O b. $35.71 c. $28.95 O d. $30.77 e. None of the above

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