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De trailer opens a brokerage account and purchases 100 Shares of Internet dreams that $60 per share. She borrows $2000 from her broker to help
De trailer opens a brokerage account and purchases 100 Shares of Internet dreams that $60 per share. She borrows $2000 from her broker to help pay for the purchase. The interest rate on the loan is 10% what is the margin in his account when she first purchase the stock? If the share price falls to $50 per share by the end of the year what is the remaining margin in her account? (Round your answer to two decimal places.)
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