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You purchased 100 shares of ABC common stock on margin at $40 per share. Assume the initial margin is 50% and the maintenance margin is

You purchased 100 shares of ABC common stock on margin at $40 per share. Assume the initial margin is 50% and the maintenance margin is 32%. At what price will you will get a margin call? (Assume the stock pays no dividends and ignore interest on the margin loan)

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