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Suppose you recently purchased 2 5 0 shares of Tesla stock at $ 2 1 2 / share on margin. Initialmargin 6 0 % ;

Suppose you recently purchased

250

shares of Tesla stock at $

212 /

share on margin. Initialmargin

60 %

; maintenance margin

50 % .

Suppose after the purchase, Tesla stock priceimmediately declines to $

150 /

.

Will there be a margin call? Show all margin calculations

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