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Wong decides to buy on margin 30 shares of TL, which are selling for $71 per share. The initial margin requirement is 40%. If the

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Wong decides to buy on margin 30 shares of TL, which are selling for $71 per share. The initial margin requirement is 40%. If the maximum Loan to Value you are allowed is 75%, which price below is closest to the price at which Wong receives a margin call? Ignore transaction costs and interest on the margin loan. \begin{tabular}{|} $56.80 \\ \hline$63.69 \\ $33.61 \\ $49.03 \\ \hline$79.52 \end{tabular}

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