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15. You recently purchased 100 shares of stock at a cost per share of S23.80. The initial margin requirement on this stock is 80 percent

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15. You recently purchased 100 shares of stock at a cost per share of S23.80. The initial margin requirement on this stock is 80 percent and the maintenance margin is 50 percent. The stock is currently valued at $17.90 a s current margin position? Ignore margin interest. hare. What is your

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