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You pay $23,000 toward the purchase of 1000 shares of Stock X on margin at the price of $40 per share. 6 months later, the
You pay $23,000 toward the purchase of 1000 shares of Stock X on margin at the price of $40 per share. 6 months later, the price of Stock X has fallen to $30 per share. How much is your margin call to get your equity back to the initial margin?
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