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If youpurchase 200 shares of RonenCo stock on margin at $70 per sharefrom your broker, and if the initial margin is 55%, what is thedollar

If youpurchase 200 shares of RonenCo stock on margin at $70 per sharefrom your broker, and if the initial margin is 55%, what is thedollar amount that you borrowed from the broker? Explain precisel 2 answers

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