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ouve borrowed $9,000 on margin to buy shares in Ixnay, which is now selling at $50 per share. Your account starts at the initial margin

ouve borrowed $9,000 on margin to buy shares in Ixnay, which is now selling at $50 per share. Your account starts at the initial margin requirement of 50%. The maintenance margin is 30%. Two days later, the stock price falls to $45 per share. Required: Will you receive a margin call? How low can the price of Ixnay shares fall before you receive a margin call

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