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1. You purchase 685 shares of ABC Co. stock on margin at a priceof $33. Your broker requires you to deposit $15,111. What is theinitial

1. You purchase 685 shares of ABC Co. stock on margin at a priceof $33. Your broker requires you to deposit $15,111. What is theinitial margin requirement in percent? Answer to two decimals.2. You 2 answers

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