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Suppose you are BULLISH on XYZ and take out a long position on margin. You initially pay $20,000 towards the purchase of $30,000 worth of

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Suppose you are BULLISH on XYZ and take out a long position on margin. You initially pay $20,000 towards the purchase of $30,000 worth of XYZ stock currently selling for $100 per share. You borrow the remaining $10,000 from your broker. a) Your initial balance would look like: (be sure to use a t-account) b) Your initial Margin would look like? c) Now suppose the stock price declines to $80.00 per share. What does your account look like? (be sure to use a t-account) d) Now suppose you are concerned about a Margin Call! If you need to maintain a 40% maintenance margin, below what price would you receive a Margin Call

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