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You purchase 500 shares of AON at $60 per share using an initial margin of 60%. Your maintenance margin is 25% and the minimum initial
You purchase 500 shares of AON at $60 per share using an initial margin of 60%. Your maintenance margin is 25% and the minimum initial margin is 50%. If the stock price falls to $28 a share, how much additional equity must you add to your account?
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A $14,000
B $16,000
C $12,500
D $10,000
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