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You just opened a margin account with a local brokerage firm. The initial margin is 6 0 % and the maintenance margin is 3 0

You just opened a margin account with a local brokerage firm. The initial margin is 60% and the maintenance margin is 30%. You bought 200 shares of XYZ at $125 per share on the margin. (11)
a) What are the initial equity position and loan balance?
b) How far can the price go down before you receive a margin call?

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