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You purchase 1,000 shares of 2nd Chance Company stock on margin at a price of $45. Your broker requires you to deposit $22,500. What is

You purchase 1,000 shares of 2nd Chance Company stock on margin at a price of $45. Your broker requires you to deposit $22,500. What is your margin loan amount? Note: Do not round intermediate calculations. What is the initial margin requirement

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