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14. You bought 1000 shares of BAC (Bank of America) at $10 per share using margin trading. The initial margin is 50% and the brokers

14.

You bought 1000 shares of BAC (Bank of America) at $10 per share using margin trading. The initial margin is 50% and the brokers

maintenance margin is 30%. What is the actual margin if the stock price increases to $15 per share after 6 months? (Margin Long position)

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