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The current market price for XYZ is $177 per share. Initial margin is 50%, maintenance margin is 35% and margin interest is 1.75% per year.

The current market price for XYZ is $177 per share. Initial margin is 50%, maintenance margin is 35% and margin interest is 1.75% per year. XYZ pays annual cash dividends of $5.95 per share. You believe the stock price will increase over the next year and wish to trade long using margin. At what price would you receive a margin call?

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