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Suppose you buy 100 shares of Green Acre Industries on margin when the share price for Green Acre Industries share price is $33. One year

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Suppose you buy 100 shares of Green Acre Industries on margin when the share price for Green Acre Industries share price is $33. One year later Green Acre Industries is trading at $36 a share. What is the margin in your account (expressed as a percent)? Assume that the initial margin requirement is 60% and Green Acre Industries does not pay a dividend

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