You decide to buy 1600 shares of stock at a price of 64 and, Finance Basics

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You decide to buy 1600 shares of stock at a price of 64 and

You decide to buy 1,600 shares of stock at a price of $64 and an initial margin of 50 percent. What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 35 percent? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Do not include a minus sign. Omit the "%" sign in your response.)

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Finance Basics: You decide to buy 1600 shares of stock at a price of 64 and

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Finance Basics: You decide to buy 1600 shares of stock at a price of 64 and

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