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You purchase 2,400 shares of a stock for $25.22 per share. The initial margin requirement is 65 percent and the maintenance margin is 50 percent.

You purchase 2,400 shares of a stock for $25.22 per share. The initial margin requirement is 65 percent and the maintenance margin is 50 percent. What's the maximum amount the stock price can decline before you receive a margin call?

A. $17.65

B. $14.32

C. $8.83

D. $12.45

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