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You are tracking the stock of Apple Inc, for some time, and you find it attractive at the prevailing market price of $ 4 4

You are tracking the stock of Apple Inc, for some time, and you find it attractive at the prevailing market price of $44 per share. You plan to purchase 200 shares of the share, however, due to a shortage of funds, you use the margin trading facility provided by your broker. As per the conditions of the broker, you are mandated to deposit an initial margin of 50% with a maintenance margin requirement of 26%.
Using the information above, determine the share's threshold price below which you will receive a margin call from your broker if the share price falls.
(a) $29.73
(b) $27.07
(c) $30.92
(d) $27.54
c.
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