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You purchased 1000 shares of stock at a price of $60/share with a margin account.The initial and maintenance margins were 70% and 20%, respectively.What was
You purchased 1000 shares of stock at a price of $60/share with a margin account.The initial and maintenance margins were 70% and 20%, respectively.What was your debit balance on the day you opened your position?Do not use the dollar sign when entering your response.
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