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Suppose that you just purchased 50 shares of Talk&Tell stock for $40 per share. a. If the initial margin requirement is 60.00%, how much money

Suppose that you just purchased 50 shares of Talk&Tell stock for $40 per share.

a. If the initial margin requirement is 60.00%, how much money must you borrow? (Round your answers to 2 decimal places.)

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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