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You purchased 200 shares of Facebook common stock on margin at $210 per share. Assume the initial margin is 50% and the maintenance margin is
- You purchased 200 shares of Facebook common stock on margin at $210 per share. Assume the initial margin is 50% and the maintenance margin is 30%. Three days later, the stock price falls to $190 per share.
- Will you receive a margin call? (15 points)
- Below what stock price level would you get a margin call? Assume the stock pays no dividend; ignore interest on margin. (15 points)
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