Question $3$

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An investor purchases $400$ shares at a price of R$28\mathrm{.}50$ per share. The initial margin requirement is $70\%.$ What is the smallest amount that the investor can put up that will satisfy the initial margin requirement?

Select one:

a$.$ R$5600$

b$.$ R$7200$

c$.$ R$8000$

d$.$ R$10000$