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You are given the following information for buying a stock in XYZ on margin. > Purchase price is $ 1 0 0 > Initial Margin

You are given the following information for buying a stock in XYZ on "margin."
> Purchase price is $100
> Initial Margin Requirement =70%
>Maintenance Margin Requirement =20%
If you purchase 100 shares of XYZ @ $100, your margin loan associated with this purchase is:

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