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6.7.0 You purchase 275 shares of 1st and 4most stock on margin at a price of $42. Your broker requires you o deposit $7,500. (a)

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6.7.0
You purchase 275 shares of 1st and 4most stock on margin at a price of $42. Your broker requires you o deposit $7,500. (a) What is your margin loan amount? (b) What is your initial margin requirement? For (b), enter your answer as a decimal with 4 places

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