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You purchased 200 shares of ABC common stock on margin at $50 per share. Assume the initial margin is 50% and the maintenance margin is

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You purchased 200 shares of ABC common stock on margin at $50 per share. Assume the initial margin is 50% and the maintenance margin is 30%. Calculate the price at which you will get a margin call.(Assume the stock pays no dividends and ignore interest on the margin loan.) 1

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