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Question 6 The initial margin requirement on a stock purchase is 5 5 % . You fully use the margin allowed to purchase 2 0

Question 6
The initial margin requirement on a stock purchase is 55%. You fully
use the margin allowed to purchase 200 shares of TSLA at $548.74.
The maintenance margin requirement is 23%. At which share price
would first receive a Margin Call? Enter your answer in the box below.
Round your answer to two decimals.
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