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Suppose that you just purchased 350 shares of Talk&Tell stock for $90 per share. a. If the initial margin requirement is 87.50%, how much money

Suppose that you just purchased 350 shares of Talk&Tell stock for $90 per share. a. If the initial margin requirement is 87.50%, 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 Stock $ Liabilities and Equity Loan from broker Equity Total liabilities and equity $ $ Total assets $ $

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