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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

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

$_________________

  1. What is the initial margin requirement?

__________________%

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