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Question 14 (10 points) You bought 300 shares of XMAT Corp on Margin. The initial stock price is $265 and the initial margin is 50%.

Question 14 (10 points) You bought 300 shares of XMAT Corp on Margin. The initial stock price is $265 and the initial margin is 50%. If you need to maintain a 40% margin with your broker at what price will the margin call take place? Points will be deducted for not showing all the formulas and calculations

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