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You open a brokerage account and purchase 200 shares of SunEnergy, Inc. (SUN) at $36 per share. You borrow $3,000 from your broker to help
You open a brokerage account and purchase 200 shares of SunEnergy, Inc. (SUN) at $36 per share. You borrow $3,000 from your broker to help pay for the purchase.
How far can SUN's price fall before you get a margin call? Assume the maintenance margin is 30%.
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