Question: You are using a risk enhanced trade by using margin loans. You bought shares of a firm at $111.82. If the initial margin required by

You are using a risk enhanced trade by using margin loans.

You are using a risk enhanced trade by using margin loans. You bought shares of a firm at $111.82. If the initial margin required by your broker is 65% and the maintenance margin is 35%, then what is the price at which you will get a margin call? State your answer with two decimal places

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