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Six months ago, you purchased 6 0 0 shares of stock on margin. The initial margin requirement on your account is 6 0 % and

Six months ago, you purchased

600

shares of stock on margin. The initial margin requirement on your account is

60 %

and the maintenance margin is

40 % .

The call money rate plus the spread is

5 % .

The purchase price was $

15

per share.

QUESTION #

2 .

How much did you supply?

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