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a 2. Mel and Sam each purchased 400 shares of Starscope stock for $23 a share on the same day. cash for her purchase while

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a 2. Mel and Sam each purchased 400 shares of Starscope stock for $23 a share on the same day. cash for her purchase while Sam borrowed part of her funds. The initial margin requirement on this stock is 55 percent while the maintenance margin is 40 percent. Both Mel and Sam sold their shares after nine months at a price of $26 a share. The stock pays no dividends. a. What is the HPR for Mel? b. What is the HPR for Sam? c. Show Sam's initial balance sheet positions for her trade

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