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You purchase 250 shares of GGG Company on margin at a price of $90. Your broker requires you to deposit $12,500. What is the amount
- You purchase 250 shares of GGG Company on margin at a price of $90. Your broker requires you to deposit $12,500.
- What is the amount that you must borrow?
$_________________
- What is the initial margin requirement?
__________________%
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