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Rosie purchased 300 shares of a stock for $37 a share. Today the stock is selling for $41 a share. The initial margin requirement is

Rosie purchased 300 shares of a stock for $37 a share. Today the stock is selling for $41 a share. The initial margin requirement is 70% of the maintenance margin is 30% how much must you pay in cash to purchase The stock and how much must she at least half in equity today?

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