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You buy 700 shares of stock at a price of $70 and an initial margin of 58 percent. If the maintenance margin is 40 percent,
You buy 700 shares of stock at a price of $70 and an initial margin of 58 percent. If the maintenance margin is 40 percent, at what price will you receive a margin call?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
1st Edition
0073382256, 9780073382258
