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You purchased 150 shares of SBUX at $87.50 per share on margin 40 days ago. The broker's call rate was 8%. Now SBUX is priced
You purchased 150 shares of SBUX at $87.50 per share on margin 40 days ago. The broker's call rate was 8%. Now SBUX is priced at $60 per share, will you get a margin call and if so, how much do you need to pay your broker? The initial margin requirement is 50% and the maintenance requirement is 30%.
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