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Suppose that you just purchased 100 shares of Beta Banana's stock for $40 per share. The initial margin requirement is 60.0%, which means the amount

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Suppose that you just purchased 100 shares of Beta Banana's stock for $40 per share. The initial margin requirement is 60.0%, which means the amount borrowed is $1, 600. The corresponding balance sheet is below: Now suppose the price of the stock falls to $33 per share. What is your current margin percentage? (Round your answer to 2 decimal places.) Margin percentage % Construct the balance sheet to show the current situation. If the maintenance margin is 45%, what is the highest stock price that will trigger a margin call? (Round your answer to 2 decimal places.) Price $

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