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You buy 700 shares of stock at a price of $70 and an initial

Homework Assistance Finance You buy 700 shares of stock at a price of $70 and an initial

Finance

You buy 700 shares of stock at a price of $70 and an initial

You buy 700 shares of stock at a price of $70 and an initial margin of 55 percent. If the mainte… Show more You buy 700 shares of stock at a price of $70 and an initial margin of 55 percent. If the maintenance margin is 40 percent, at what price will you receive a margin call? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the “$” sign in your response.) Margin call price $ • Show less

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