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On January 15th, Sahar purchased 5,000 shares of National Cement Co. on a margin of $160 per share. On March 15th the price of National

On January 15th, Sahar purchased 5,000 shares of National Cement Co. on a margin of $160 per share. On March 15th the price of National Cement stock declined to $140.The initial margin and maintenance margin requirements were 60% and 40% respectively.

When you prepare Sahar balance sheet as of January 15th, what is the total asset value?

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