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Correct answer is shown. please show work on how to get that answer You pay $23,000 toward the purchase of 1000 shares of Stock X

Correct answer is shown. please show work on how to get that answer

You pay $23,000 toward the purchase of 1000 shares of Stock X on margin at the price of $40 per share. 6 months later, the price of Stock X has fallen to $30 per share. How much is your margin call to get your equity back to the initial margin? 4,250 (with margin: 10 )

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