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You purchase 275 shares of 1st and 4most stock on margin at a price of $42. Your broker requires you to deposit $7,500. (a) What

You purchase 275 shares of 1st and 4most stock on margin at a price of $42. Your broker requires you to deposit $7,500.

(a) What is your margin loan amount?

(b) What is your initial margin requirement? For (b), enter your answer as a decimal with 4 places.

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