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You purchased 89 shares of ABC common stock on margin at $81 per share. Assume the initial margin is 50% and the maintenance margin is

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You purchased 89 shares of ABC common stock on margin at $81 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.)

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