What is the maximum percentage decline in the stock

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You decide to buy 400 shares of stock at a price of $46 and an initial margin of 50 percent. What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 21 percent? (Note: Make sure that you enter the decline as a negative number, e.g, -33.33)

Reference no: EM13985557

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