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You have $5,000 in a 50% margin account. You have been following a stock that you think you want to buy. The stock is
You have $5,000 in a 50% margin account. You have been following a stock that you think you want to buy. The stock is priced at $52.24. You decide that if the stock falls to $49.50, you would like to buy it. You place a limit order to buy 300 shares at $49.50. The stock falls to $49.50. What happens? When the stock falls to $49.50, the total price for 300 shares is $ (Round to the nearest dollar.)
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