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You have bought 500 shares of XYZ Corp. at $36.71 per share on 70% margin. The maintenance margin is 40%. Next day, the price of

You have bought 500 shares of XYZ Corp. at $36.71 per share on 70% margin. The maintenance margin is 40%. Next day, the price of the stock drops to $17.30 per share. if a margin call is triggered, calculate the value of the deposit required to service the margin call. If no margin call is issued, enter $0.00 as your answer.

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