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You open a brokerage account and purchase 500 shares of Gold Inc at $15 per share. You borrow $2,500 from your broker to help pay

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You open a brokerage account and purchase 500 shares of Gold Inc at $15 per share. You borrow $2,500 from your broker to help pay for the purchase. The interest rate on borrowed funds is 7%. The share price falls to $8.00 per share by the end of the year, what is the remainir margin in your account? $1,325.00 $2,125.00 $1,475.00 $2,250.00

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