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Kevin would like to buy 1,000 shares of Apple at a price of $200. To amplify his returns, he would like to buy on margin

Kevin would like to buy 1,000 shares of Apple at a price of $200. To amplify his returns, he would like to buy on margin and borrow as much money as possible. The initial margin requirement is 80% and the maintenance requirement is 65%. 1.) what is the total amount of money Kevin will borrow? 2.) at what price will he receive a maintenance margin call?

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