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You have just purchased 1,200 shares of MMD stock at $110.55 per share. You posted the required 50% margin. If the stock price falls to

You have just purchased 1,200 shares of MMD stock at $110.55 per share. You posted the required 50% margin. If the stock price falls to $102.33, what will be the value of your equity in your trading account?

(Assume all bonds pay semi-annual coupons unless otherwise instructed. Assume all bonds have par values per contract of $1,000.)

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