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An investor borrows $22,000 on margin to buy 1,000 shares in Tamarind, Inc. at $55 per...

An investor borrows $22,000 on margin to buy 1,000 shares in Tamarind, Inc. at $55 per share. The initial margin requirement is 50% while the maintenance margin is 35%.

a.) What is the margin (%) in the account at purchase of the stock?

b.) To what level will the stock price have to fall to generate a margin call?

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jeff jeffy answered 6 months ago
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