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Business, 06.03.2020 23:40 rubyhart522

You purchased 1000 shares of CSCO common stock on margin at $19 per share. Assume the initial margin is 50%, and the maintenance margin is 30%. Below what stock price level would you get a margin call? Assume the stock pays no dividend; ignore interest on margin. a. $12.86b. $15.75c. $19.67d. $13.57

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