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Suppose that XTel currently is selling at $50 per share. You buy 500 shares using $15,000 of your own money, borrowing the remainder of the

Suppose that XTel currently is selling at $50 per share. You buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 10%. If the maintenance margin is 35%, how low can XTel's price fall before you get a margin call?

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