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You hold only one position in your margin account, 1000 shares of LMNP, currently priced at $160 per share. You made full use of your
- You hold only one position in your margin account, 1000 shares of LMNP, currently priced at $160 per share. You made full use of your margin purchase capability when you bought the 1000 shares. The purchase price was $190 per share. Assuming a 30% maintenance margin requirement, what is the maximum additional decrease in the price of LMNP that would allow you to maintain an account status of "restricted"?
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
