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Alfonso purchased 118 shares of Crosswinds, Inc., stock on 0.7% margin when the stock was selling for $37.60 a share. The stock is currently selling

Alfonso purchased 118 shares of Crosswinds, Inc., stock on 0.7% margin when the stock was selling for $37.60 a share. The stock is currently selling for $30.50 a share. What is his current equity position in $? Answer to nearest whole number.

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