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| Toby Jensen originally purchased 400 shares of CSC stock on margin at a price of $60 per share. The initial margin requirement is 50% and the maintenance margin is 25%. CSC stock price has fallen dramatically in recent months and it closed today with a sharp decline bringing the closing price to $40 per share. Will Jensen receive a margin call? A. Yes, he does not meet the minimum maintenance margin requirement. B. No, he meets the minimum initial margin requirement. C. No, he meets the minimum maintenance margin requirement. |