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A) Three months ago, Trevor purchased 500 shares of stock at a cost per share of $64.20. The purchase was made on margin with an

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A) Three months ago, Trevor purchased 500 shares of stock at a cost per share of $64.20. The purchase was made on margin with an initial margin requirement of 65 percent. What is his current margin postion if the stock is currently sold at $63.40? What will his total dollar return be on this investment if he sells his shares today at a price per share of $63.402. Ignore dividends and Construct T-account 1

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