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4 Hala purchased 600 shares of McGraw Hill, Inc., stock on 60% margin when the stock was selling for $37 a share. The stock is

Hala purchased 600 shares of McGraw Hill, Inc., stock on 60% margin when the stock was selling for $37 a share. The stock is currently selling for $32 a share. What is his current equity position? (3 Points) $10,320 $7,680 $9,600 $8,880

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