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You open a brokerage account and purchase 200 shares of SunEnergy, Inc. (SUN) at $36 per share. You borrow $3,000 from your broker to help
You open a brokerage account and purchase 200 shares of SunEnergy, Inc. (SUN) at $36 per share. You borrow $3,000 from your broker to help pay for the purchase.
What is the margin in your account when you first purchase the stock?
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