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You purchase on 50% margin, 150 shares of a stock with the following quotes: Bid Ask $22 $24.00 The maintenance margin set by your broker

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You purchase on 50% margin, 150 shares of a stock with the following quotes: Bid Ask $22 $24.00 The maintenance margin set by your broker is 30%. Use this information to answer the question below. The loan amount is: 1650 O 2000 1800 None of the above

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