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w Q8 - You purchased 100 shares of common stock on margin at $100 per share. Assume the initial margin is 40% and the stock

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w Q8 - You purchased 100 shares of common stock on margin at $100 per share. Assume the initial margin is 40% and the stock pays no dividend. What would the maintenance margin be if a margin call is made at a stock price of a. b. $90 $80 $70 ? Ignore interest on margin. c

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