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Question 22 (1 point) An investor buys 100 shares of Lunox Company at $50 per share on margin with an initial margin of 60% and

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Question 22 (1 point) An investor buys 100 shares of Lunox Company at $50 per share on margin with an initial margin of 60% and a maintenance margin of 30% percent. Assume you pay 5% on your borrowed amount. What is the borrow amount? $5,000 $2,000 $8,000 $3,000 None of the answers is correct

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