Question: An investor opens a margin account with an initial deposit of $5500. He then purchases 700 shares of a stock at $38. His margin account

An investor opens a margin account with an initial deposit of

An investor opens a margin account with an initial deposit of $5500. He then purchases 700 shares of a stock at $38. His margin account has a maintenance margin requirement of 30%. Ignoring commissions and interest, IF the price changed to 34 WHAT IS YOUR NEW EQUITY AT WHAT PRICE YOU WILL GET A MARGIN CALL PRICE

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