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You are buying on margin for Company A's stocks. The current price is $80/share, you want to borrow 500 shares from Broker X. The initial

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You are buying on margin for Company A's stocks. The current price is $80/share, you want to borrow 500 shares from Broker X. The initial margin requirement is 50%. The maintenance margin requirement is 30%. What is the price which if it falls below, you will receive a margin call? Please round up your answers to two decimals. (e.g. 40.25) Please write your answer without the dollar sign

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