Question: The initial margin requirement is 50%. The maintenance margin requirement is 25%. You purchased 1000 shares at $30 per share using the maximum benefit of

The initial margin requirement is 50%. The maintenance margin requirement is 25%. You purchased 1000 shares at $30 per share using the maximum benefit of initial margin. What is the share price below which you will get a margin call?

A. $17 B. $20 C. $23 D. $26 E. $27

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