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Please help solve. 5 You've borrowed $20,502 on margin to buy shares in Ixnay, which is now selling at $40.2 per share. You invest 1,020
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5 You've borrowed $20,502 on margin to buy shares in Ixnay, which is now selling at $40.2 per share. You invest 1,020 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to $36 per share. a. Will you receive a margin call? 1.42 points Yes No b. At what price will you receive a margin call? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Stock price $ 57.43 %Step by Step Solution
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