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Business, 28.01.2020 19:41 mandy9386

You decide to buy 600 shares of stock at a price of $72 and an initial margin of 60 percent. what is the maximum percentage decline in the stock price before you will receive a margin call if the maintenance margin is 30 percent? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

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You decide to buy 600 shares of stock at a price of $72 and an initial margin of 60 percent. what is...
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