You decide to buy 600 shares of stock at a price of $43 and an initial margin of 55 percent. What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 35 percent?

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You decide to buy 600 shares of stock at a price of $43 and
an initial margin of 55 percent. What is the maximum
percentage decline in the stock before you will receive a
margin call if the maintenance margin is 35 percent?
Transcribed Image Text:You decide to buy 600 shares of stock at a price of $43 and an initial margin of 55 percent. What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 35 percent?
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