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what is the initial margin requiremen You purchase 900 shares of 2nd Chance Co. stock on margin at a price of $41. Your broker requires

what is the initial margin requiremen
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You purchase 900 shares of 2nd Chance Co. stock on margin at a price of $41. Your broker requires you to deposit $19,000. What is your margin loan amount? (Do not round intermediate calculations. Omit the "$" sign in your response.) What is the initial margin requirement? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

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