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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 600 shares of stock at a price of $72 and an
initial margin of 60 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.)

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