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You purchase 250 shares of ABC stock on margin at a price of $68. Your broker requires you to deposit $9,350. What is your margin

You purchase 250 shares of ABC stock on margin at a price of $68. Your broker requires you to deposit $9,350. What is your margin loan amount? What is the initial margin requirement?

Group of answer choices

30 percent

40 percent

45 percent

55 percent

50 percent

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