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Suppose you purchase 1 , 1 5 0 shares of stock at $ 8 2 per share with an initial cash investment of $ 4

Suppose you purchase 1,150 shares of stock at $82 per share with an initial cash investment of $48,150. If your broker requires a maintenance margin of 40 percent, at what share price will you be subject to a margin call?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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