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Suppose you purchase 200 shares of stock ABC at $60 per share, with a loan of $5,400 from your broker. Your broker requires a maintenance

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Suppose you purchase 200 shares of stock ABC at $60 per share, with a loan of $5,400 from your broker. Your broker requires a maintenance margin of 40%. What is your initial margin? Margin = Equity/ Value of asset 45% 60% 50% 55%

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