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q7 You purchase 750 shares of 2 nd Chance Co. stock on margin at a price of $44. Your broker requires you to deposit $17.500.

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You purchase 750 shares of 2 nd Chance Co. stock on margin at a price of $44. Your broker requires you to deposit $17.500. What is the initial margin requirement? 53.03% 5.58.03% 3.530% 4. 35.03%

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