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You buy 470 shares of stock at a price of $36.14. The initial margin requirement is 50% and the maintenance margin is 40%. Part 1
You buy 470 shares of stock at a price of $36.14. The initial margin requirement is 50% and the maintenance margin is 40%.
Part 1
How much do you borrow?
Part 2
At what price will you first receive a margin call?
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