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33. Speculator Sam has a margin account held at the securities broker/dealer Pilferers Inc. with $20,000 in cash and he buys 2,000 shares of LoseItAll

33. Speculator Sam has a margin account held at the securities broker/dealer Pilferers Inc. with $20,000 in cash and he buys 2,000 shares of LoseItAll Inc. on margin. LoseItAll trades at $20 per share. One month later the share price of LoseItAll is $30 per share. What is Sam's buying power in the margin account?

$ 10,000
$ 5,000
$ 15,000
$ 20,000

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