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An investor wants to purchase 200 Sanlam Ltd shares. If the share price is currently at R15, and the stock brokerage account comes with a

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An investor wants to purchase 200 Sanlam Ltd shares. If the share price is currently at R15, and the stock brokerage account comes with a 60% initial margin, and maintenance margin of 25%. If, in one month, the share price of Sanlam Ltd falls by 20%, what is the remaining equity value

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