Assuming the stock pays no dividends and ignore interest on, Financial Management

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Assuming the stock pays no dividends and ignore interest on

You purchased 100 shares of abc common stock on margin at $40 per share. Assume the inital margin is 50% and the maintenance margin is 35%. You will get a margin call if the stock drops below _______ (Assuming the stock pays no dividends and ignore interest on the margin loan)??

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