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12. Lauren has a margin account and deposits $56,000. Assume the margin requirement is 40% and Gentry Shoe Co. is selling at $28. 'What is

12. Lauren has a margin account and deposits $56,000. Assume the margin requirement is 40% and Gentry Shoe Co. is selling at $28. 'What is the value of Lauren's equity if the stock price falls to $20? A. 29,333 B. 16,000 C. 30,750 D. 3,125

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