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Your client has just opened a margin account with your brokerage firm and purchased 5 0 0 shares of stock for $ 6 0 per

Your client has just opened a margin account with your brokerage firm and purchased 500 shares of stock for $60 per share. The firm has a 55% initial margin and 35% maintenance margin policy. Calculate the stock price at which your client will receive a margin call.
Question 17 options:
a)
$27.00
b)
$31.43
c)
$41.54
d)
$50.76

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