Question: If a trader has $ 7 5 0 0 in cash and wants to buy $ 1 5 0 0 0 worth of stock on

If a trader has $7500 in cash and wants to buy $15000 worth of stock on margin. Given that the current stock price is $150, if the broker requires a 50% initial margin and a 30% maintenance margin, what is the stock price when the trader receives a margin call?

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