Question: Please provide the correct answer to question 12 and show all work. Thank You 12. Your investment account starts with S40,000 cash. You wish to

Please provide the correct answer to question 12 and show all work. Thank You

Please provide the correct answer to question 12 and show all work.

12. Your investment account starts with S40,000 cash. You wish to use full margin. How much stock can you own in the account if initial margin is 50%? At what value will you receive a margin call if the maintenance margin is 40%

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