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Julia purchased 700 shares of Green Energy common stock on margin at $15 per share. Assume the initial margin is 60% and the maintenance margin
Julia purchased 700 shares of Green Energy common stock on margin at $15 per share. Assume the initial margin is 60% and the maintenance margin is 35%. Based on the information provided, she will get a margin cal if the stock drops below (Assume the stock pays no dividends, and ignore interest on the margin loan.) 8 pts $9.23 $13.85 $11.54 $15.0 None of the above Nert)
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