emalning Time: 58 minutes, 54 seconds. Questlon Completion Status: QUESTION 28 Suzette recently purchased 300 shares of Nu Electronics stock for $4.40 a share. Her broker required a cash payment of $1,320, plus trading costs, for the purchase. What is the initial margin requirement on this stock? 70 percent O 75 percent O 80 percent O 90 percent O 100 percent QUESTION 29 Stephen is purchasing 700 shares of KPT, Inc., stock at a price per share of $28.00. What is the minimum amount the Federal Reserve will require Stephen to pay in cash for this purchase? $4,488 $7,480 o $9,800 $10,968