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Question Marge wants to buy ABC stock on margin. She has $3,000 to invest, ABC stock sells for $20 per share, the initial margin requirement

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Marge wants to buy ABC stock on margin. She has $3,000 to invest, ABC stock sells for $20 per share, the initial margin requirement is 60%, and the maintenance margein is 35%. Marge borrows as much as possible to buy stock.

b. What is highest price that would trigger a margin call?

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