Question: Write down steps leading to your answer so you can get partial credits. Only giving a one-number answer is not acceptable. Round your final answer

Write down steps leading to your answer so you can get partial credits. Only giving a one-number answer is not acceptable. Round your final answer to one decimal place if you use percentage, or three decimal places if you don't use percentage (e.g. 20.5\%, or 0.205).

Suppose you use $5000 of your own cash and a loan of $5000 from your broker to purchase 100 shares of stock TER at $100/share. However the stock price starts to drop after your purchase. If your broker has a maintenance margin of 30%, at what price will you receive a margin call? (10 pts)

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