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1. You purchased 2,000 shares of stock at $52 a share. The stock is currently selling for $59 a share. The initial margin was 70

1. You purchased 2,000 shares of stock at $52 a share. The stock is currently selling for $59 a share. The initial margin was 70 percent and the maintenance margin is 30 percent. What is your current margin position? And what if stock is currently seeling for$40per shareinsteadof$59.

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