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Suppose that you just purchased 200 shares of Talk&Tell stock for $60 per share. a. If the initial margin requirement is 71.00%, how much money
Suppose that you just purchased 200 shares of Talk&Tell stock for $60 per share. a. If the initial margin requirement is 71.00%, how much money must you borrow? (Round your answers to 2 decimal places.) Amount borrowed $ b. Construct the balance sheet that corresponds to the transaction. Assets Liabilities and Equity Stock $ Loan from broker $ Equity $ Total assets $ Total liabilities and equity $
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