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Miguel Torres purchases 100 shares of Can'tWin.com for $50.39 per share, using as little of his own money as he could. His broker has a
Miguel Torres purchases 100 shares of Can'tWin.com for $50.39 per share, using as little of his own money as he could. His broker has a 59% initial margin requirement and a 34% maintenance margin requirement. The price of the stock falls to $28.92 per share. What does Miguel need to do? To get the account back to the maintenance margin requirement of 34%, Miguel must add $ (Round to the nearest cent
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