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QUESTION 28 You recently purchased 1,500 shares of stock at a cost per share of $55.0. The initial margin requirement on this stock is 50

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QUESTION 28 You recently purchased 1,500 shares of stock at a cost per share of $55.0. The initial margin requirement on this stock is 50 percent and the maintenance margin is 35 percent. The stock is currently valued at $40.50 a share. What is your current margin position? Ignore margin interest. What is the lowest price before your margin account is subject to a margin call? TT T Arial 3 (12pt) TEH Path: Words:0

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