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You purchased 500 shares of Super-Toys Inc. at $60 per share. You made a margin purchase with an initial margin of 40%. The stock is

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You purchased 500 shares of Super-Toys Inc. at $60 per share. You made a margin purchase with an initial margin of 40%. The stock is now trading at $80 per share and the initial margin requirement has been slashed to 35%. If you want to buy another 500 shares of Super-Toys Inc., what will be the minimum amount of equity that you will need

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