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Suppose you purchase 800 shares of stock at $61 per share with an initial cash...

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Accounting

Suppose you purchase 800 shares of stock at $61 per share with an initial cash investment of $26,000. If your broker requires a maintenance margin of 25 percent, at what share price will you be subject to a margin call? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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