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You decide to buy 6 0 0 shares of stock at a price of $ 7 2 and an initial margin of 6 0 percent.
You decide to buy shares of stock at a price of $ and an
initial margin of percent. What is the maximum percentage
decline in the stock price before you will receive a margin call if
the maintenance margin is percent? Do not round intermediate
calculations. Enter your answer as a percent rounded to decimal
places.
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