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Your broker's initial margin requirement is 75% and the maintenance margin requirement is 45%. If you buy 600 shares of stock on margin at $27.93

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Your broker's initial margin requirement is 75% and the maintenance margin requirement is 45%. If you buy 600 shares of stock on margin at $27.93 per share, at what price will you get a margin call? (Hint: Find out the Loan Amount borrowed first) A) $11.42 B) $12.70 OC) $15.13 OD) $13.54 E) $14.87

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