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Ixnay, which is now selling at $50 per share Your account starts at the initial You've borrowed $20,000 on margin to buy shares in margin

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Ixnay, which is now selling at $50 per share Your account starts at the initial You've borrowed $20,000 on margin to buy shares in margin requirement of 50%. T he maintenance margin is 35%. Two days later, the stock price falls to $48 per share. a. Will you receive a margin call? Yes b. How low can the price of Ixnay shares fall before you receive a margin call? (Round your answer to 2 decimal places.) or

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