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Suppose you purchased 300 shares of stock A at $35.50 per share, using 75% margin. The stock is currently trading at $42.50 and the new

Suppose you purchased 300 shares of stock A at $35.50 per share, using 75% margin. The stock is currently trading at $42.50 and the new initial margin requirement is 60%. If you want to do pyramiding and purchase 300 additional shares of stock A, with the new 60% margin requirements, what is the amount of equity you have to put up for this transaction?

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