Question: Please show step by step process Assume you purchased 100 shares of common stock at $80 per share using $4,000 of your own money. The

Please show step by step process

Assume you purchased 100 shares of common stock at $80 per share using $4,000 of your own money. The initial margin requirement is 50%. If the maintenance margin is 30%, at what price would you get a margin call?

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