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Suppose that you just purchased 100 shares of Talk&Tell stock for $50 per share. Required: a. If the initial margin requirement is 65.50%, how much

Suppose that you just purchased 100 shares of Talk&Tell stock for $50 per share.

Required:

a. If the initial margin requirement is 65.50%, how much money must you borrow? (Round your answers to 2 decimal places.)

b. Construct the balance sheet that corresponds to the transaction described in requirement a.. (Do not round intermediate calculations. Round your answers to the nearest whole dollars.)

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