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You ve just opened a margin account with $ 1 5 , 0 0 0 at your local brokerage firm. You instruct your broker to
Youve just opened a margin account with $ at your local brokerage firm. You instruct your broker to purchase shares of Landon Golf stock, which currently sells for $ per share.
What is your initial margin?
Note: Enter your answer as a percent rounded to decimal places.
Construct the equity account balance sheet for this position.
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