What is the maximum percentage decline in stock price

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Reference no: EM131608651

You decide to buy 600 shares of stock at a price of $72 and an initial margin of 60 percent. What is the maximum percentage decline in the stock price before you will receive a margin call if the maintenance margin is 30 percent? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Reference no: EM131608651

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