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You purchased 200 shares of Avon Barksdale Corp (ABC) common stock on margin at $50 per share. The initial margin is 50% and the maintenance

You purchased 200 shares of Avon Barksdale Corp (ABC) common stock on margin at $50 per share. The initial margin is 50% and the maintenance margin is 30%. (Assume the stock pays no dividends and ignore interest on the margin loan.) The amount you borrowed from the broker is?

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