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ou purchased 1,000 shares of stock at $32.06 a share. the stock is currently selling for $40.04 a share. THe initial margin on your account

ou purchased 1,000 shares of stock at $32.06 a share. the stock is currently selling for $40.04 a share. THe initial margin on your account was 50 percent and the maintenance margin is 30 percent. WHat is your current margin position?

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