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Ann wants to buy stock A with a current market value of $100,000. BB lender admits lending $60,000 to Ann for the investment but requires

Ann wants to buy stock A with a current market value of $100,000. BB lender admits lending $60,000 to Ann for the investment but requires her to maintain a 20% safety margin.

(1) Calculate the loan-to-value ratio.

(2) Calculate the security recognized by lender assuming the given safety margin.

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