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You just bought 200 shares of a stock priced at $48 per share using 50% initial margin. The broker charges 4% annual interest rate on
You just bought 200 shares of a stock priced at $48 per share using 50% initial margin. The broker charges 4% annual interest rate on the margin loan and requires a 30% maintenance margin. One year later stock price dropped to 28 and you recieved margin call, to restore your margin to the initial margin level, how much would you need to deposit?
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