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The price of Walmart stock is currently $ 3 0 . 0 5 and you decide to buy 1 5 0 shares on margin. The

The price of Walmart stock is currently $30.05 and you decide to buy 150 shares on margin. The inital margin is 60% and the broker's maintenance margin is 20%. The broker charges an effective interest rate of 7% on the margin loan.

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