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You purchased 200 shares of ABC common stock on margin at $60 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 $60 per share. Assume the initial margin is 50% and the maintenance margin is 30%. You will get a margin call if the stock drops below (Assume the stock pays no dividends and ignore interest on the margin loan.) Multiple Choice $30.77 $35.71 $26.55 none of the above $28.95

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