Six months ago, you purchased $600$ shares of stock on margin. The initial margin requirement on your account is $60\%$ and the maintenance margin is $40\%.$ The call money rate plus the spread is $5\%.$ The purchase price was $$15$ per share.

QUESTION #$3.$ At what price $($P$*)$ would you receive a margin call?

Question Blank $1$ of $2$

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or

Question Blank $2$ of $2$

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