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Not long ago, Jack Edwards bought 200 shares of Almost Anything Inc. at S45.00 per share: he bought the st kon ma in o 6
Not long ago, Jack Edwards bought 200 shares of Almost Anything Inc. at S45.00 per share: he bought the st kon ma in o 6 %, The stoc no a nga 00 per share, and the Federal Reserve has recently lowered initial margin requirements to 50%. Jack now wants to do a little pyramiding and buy another 300 shares of the stock. What is the minimum amount of equity that he'l have to put up in this transaction? The minimum amount of equity that he'll have to put up in this transaction is s(Round to the nearest cent.)
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