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You want to buy 500 shares of DUK, which is trading at $81.56 per share. You plan to borrow 50% of the total amount
You want to buy 500 shares of DUK, which is trading at $81.56 per share. You plan to borrow 50% of the total amount which carries 3% interest per year. Your brokerage sets a maintenance margin of 30%. At the end of the year, what price would trigger a margin call? $57.24 $58.26 $55.38 $60.00
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