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Miguel Torres purchases 100 shares ofCan'tWin.com for $ 45.12 pershare, using as little of his own money as he could. His broker has a 55

Miguel Torres purchases 100 shares ofCan'tWin.com for $45.12 pershare, using as little of his own money as he could.

His broker has a 55 % initial margin requirement and a 25 % maintenance margin requirement.

The price of the stock falls to $30.68 per share. What does Miguel need todo?

To get the account back to the maintenance margin requirement of 25 %, Miguel must add $ ________ ????

Please show work thank you :)

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