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Renad purchased 100 shares of IBM common stock on margin at $70 per share. Assume the initial margin is 50% and the maintenance margin is

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Renad purchased 100 shares of IBM common stock on margin at $70 per share. Assume the initial margin is 50% and the maintenance margin is 30%. Below what stock price level would Renad get a margin call? Assume the stock pays no dividend; ignore interest on margin. What will Renad's rate of return be if she sells the stock at $65 per share? Ignore interest on margin

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