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You decide to buy 1,800 shares of stock at a price of $96 and an initial margin of 55 percent. What is the maximum percentage
You decide to buy 1,800 shares of stock at a price of $96 and an initial margin of 55 percent. What is the maximum percentage decline in the stock price before you will receive a margin call if the maintenance margin is 30 percent? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Stock price decline 5111 55H
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