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Question 11 The current price of a stock is $28.0 per share. You have $15,973 to invest. You borrow an additional $25,558 from your broker

Question 11

The current price of a stock is $28.0 per share. You have $15,973 to invest. You borrow an additional $25,558 from your broker and invest $41,531 in the stock. If the maintenance margin is 46%, at what price will a margin call first occur?

	a.	12.88
	b.	31.91
	c.	15.12

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