Question: math finance please show all steps and no NOT USE EXCEL. we have no idea the number of stocks we are assuming one stock You

math finance please show all steps and no NOT USE EXCEL. we have no idea the number of stocks we are assuming one stock

You open a new margin account with an initial margin requirement of 65% and a maintenance margin requirement of 45%. You purchase stock for $24,512, borrowing to the full extent allowable. Assuming there are no dividends or interest paid to or from the margin account, at what price could you first receive a margin call

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