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Gin purchased 900 shares of Best Foods stock on margin at a price of $12 a share. The initial margin requirement is 70% and the

Gin purchased 900 shares of Best Foods stock on margin at a price of $12 a share. The initial margin requirement is 70% and the maintenance margin is 30%. What is the lowest the stock price can go before Gin receives a margin call? Multiple Choice $3.43 $5.14 $5.43 $6.00 $6.22

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