Question: You just opened a margin account with a local brokerage firm. The initial margin is 60% and the maintenance margin is 30%. You bought 500

You just opened a margin account with a local brokerage firm. The initial margin is 60% and the maintenance margin is 30%. You bought 500 shares of TRH at $50 per share on the margin.

If the price declined to $24, how many shares must be sold to restore the maintenance margin?

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