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Problem 2 You buy 4 0 0 shares of QC for $ 5 2 . 5 0 per share and deposit initial margin of 5

Problem

2

You buy

400

shares of QC for $

52.50

per share and deposit initial margin of

50 % .

The next day, QC

'

s price drops to $

48.15

per share.What is your actual margin?

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