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Ulysses buys 500 shares of a security, currently trading at $22 per share, that his brokerage firm has designated as option-eligible (ie. allows for maximum

Ulysses buys 500 shares of a security, currently trading at $22 per share, that his brokerage firm has designated as "option-eligible" (ie. allows for maximum loan amount). What is the margin requirement?

$3,300

$5,500

$7,700

$11,000

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