Jenny purchases shares of Shrimp Co. for $32.50 using margin account with a 50% initial margin. Assuming

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Jenny purchases shares of Shrimp Co. for $32.50 using margin account with a 50% initial margin. Assuming the maintenance margin is 35% at what price will jenny receive a margin call?

Answer = $25.00 I am unsure how to get to the answer, could someone please demonstrate with work?

Posted Date: May 19, 2024 09:10 AM

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Jenny purchases shares of Shrimp Co. for $32.50 using margin account with a 50% initial margin. Assuming

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