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You are bullish on Telecom stock
You are bullish on Telecom stock. The current market price is 56$ per share, and you have 5000$ of your own to invest. You borrow an additional 4000$from your broker at an interest rate of 14% per year and invest 9000$ in the stock.How far does the price of Telecom stock have to fall for you to get a margin call if the maintenance margin is 30%? Assume the price fall happens immediately
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