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B) You recently purchased 100 shares of stock at a cost per share of $24.80. The initial margin requirement on this stock is 80 percent

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B) You recently purchased 100 shares of stock at a cost per share of $24.80. The initial margin requirement on this stock is 80 percent and the maintenance margin is 50 percent The stock is currently valued at $19.80 a share. What is your current margin position? Ignore margin interest. Construct T-account

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