[Solved] You purchase 550 shares of ABC on margin

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You purchase 550 shares of ABC on margin at a price of $55. Your broker requires you to deposit $15,500. What is your margin loan

You purchase 550 shares of ABC on margin at a price of $55. Your broker requires you to deposit $15,500. What is your margin loan amount, i.e

A) how much did you borrow?

B) what is the margin requirement?

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