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You purchased 200 shares of MSFT common stock on margin at $48 per share. Assume the initial margin is 45% and the maintenance margin is

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You purchased 200 shares of MSFT common stock on margin at $48 per share. Assume the initial margin is 45% and the maintenance margin is 31% You will get a margin call if the stock drops below (Assume the stock pays no dividends and ignore interest on the margin loan.)

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