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You purchased 100 shares of common stock on margin at $80 per share.Assume the initial margin is 50 percent and the stock pays no dividend.What
You purchased 100 shares of common stock on margin at $80 per share.Assume the initial margin is 50 percent and the stock pays no dividend.What would the maintenance margin be if a margin call is made at a stock price of $60?Ignore interest on margin.(1 point)
a.0.33
b.0.53
c.0.43
d.0.23
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