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you purchases 200 shares tlt stock at $300 per share. you borrow $25,000 from broker at 7% to help pay for per purchase. The broker's
you purchases 200 shares tlt stock at $300 per share. you borrow $25,000 from broker at 7% to help pay for per purchase. The broker's rules state the minimum initial margin must be 50% and the maintenance margin is 35%. One year later, tlt stock to drop overnight to $205 per share. Answer this second of three questions:
How much will you have to add to your account to meet the margin call as a result of tlt stock to drop ? Round to the nearest dollar
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