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- Jerri Kingston bought 100 shares of stock at S85.73 per share, using an initial margin of 53%. Given a maintenance margin of 34%, how

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Jerri Kingston bought 100 shares of stock at S85.73 per share, using an initial margin of 53%. Given a maintenance margin of 34%, how far does the stock have to drop before Jerri faces a margin call? (Assume that there are no other securities in the margin account.) Before Jern faces a margin call the stock has to drop to $D per share. Round to the nearest cert.) Rec

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