Question: If your portfolio margin requirement is 40%, and the initial margin is 70%. Assume that the portfolio daily return follows a normal distribution with a

If your portfolio margin requirement is 40%, and the initial margin is 70%. Assume that the

portfolio daily return follows a normal distribution with a mean equal to 12% and a standard

deviation equal to 18%, what is the probability that you will receive a margin call in one trading

day?

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