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You have purchased 100 shares of stock at $84 per share. The initial margin is 50% and the maintenance margin is 25%. You have borrowed

You have purchased 100 shares of stock at $84 per share.

The initial margin is 50% and the maintenance margin is 25%.

You have borrowed $4,200 and paid $4,200 in cash.

What is the highest price at which you would receive a margin call?

How much will the margin call cost you?

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