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Question
Marti purchased 100 shares of Better Foods stock on margin at a price of $49 a share. The initial margin requirement is 60 percent and the maintenance margin is 30 percent. What is the lowest the stock price can go before Marti receives a margin call?A. $17.00
B. $24.00
C. $28.00
D. $30.00
E. $33.00
Answer
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