You decide to buy 1500 shares of stock at a price of 62 and


You decide to buy 1,500 shares of stock at a price of $62 and an initial margin of 80 percent. What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 40 percent?

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Financial Management: You decide to buy 1500 shares of stock at a price of 62 and
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