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You bought 100 shares of XLE for $61 using 70% initial margin. if the stock is currently trading for $60, what is your current margin
You bought 100 shares of XLE for $61 using 70% initial margin. if the stock is currently trading for $60, what is your current margin (in percent)?
Part 2
You bought 500 shares of GE for $55 using 60% initial margin. If the maintenance margin is 30%, at what price would you get a margin call?
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