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Suppose that you just purchased 50 shares of Beta Bananas stock for $30 per share. The initial margin requirement is 54.5%, which means the amount

Suppose that you just purchased 50 shares of Beta Bananas stock for $30 per share. The initial margin requirement is 54.5%, which means the amount borrowed is $682. The corresponding balance sheet is below:image text in transcribed

a. Now suppose the price of the stock falls to $53 per share. What is your current margin percentage? (Round your answer to 2 decimal places.)

b. Construct the balance sheet to show the current situation. (Round your answers to 2 decimal places.)

image text in transcribed

c. If the maintenance margin is 65%, what is the highest stock price that will trigger a margin call? (Round your answer to 2 decimal places.)

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