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Youve borrowed $20,000 on margin to buy shares in Ixnay, which is now selling at $50 per share. Your account starts at the initial margin

Youve borrowed $20,000 on margin to buy shares in Ixnay, which is now selling at $50 per share. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price falls to $48 per share. A. How low can the price of Ixnay shares fall before you receive a margin call? Margin call will be made at price _______ or lower. The answer is NOT 30.77 or 43.08

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