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Question 4. You recently purchased 100 shares of stock at a cost per share of $23.80. The initial margin requirement on this stock is 80

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Question 4. You recently purchased 100 shares of stock at a cost per share of $23.80. The initial margin requirement on this stock is 80 percent and the maintenance margin is 50 percent. The stock is currently valued at $17.90 a share. What is your current margin position? Ignore margin interest

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