You purchased 100 shares of abc common stock on margin at, Financial Management

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You purchased 100 shares of abc common stock on margin at

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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Financial Management: You purchased 100 shares of abc common stock on margin at

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Financial Management: You purchased 100 shares of abc common stock on margin at

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