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The current market price of DFI is $50 per share. You have $3,000 of your own to invest. You borrow an additional $2,000 from your
The current market price of DFI is $50 per share. You have $3,000 of your own to invest. You borrow an additional $2,000 from your broker and invest $5,000 in the stock. At what price do you to get a margin call if the maintenance margin is 25%? Round your answer to two decimal places and enter the number without the dollar sign.
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