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Your broker's initial margin requirement is 55%, the maintenance margin requirement is 30%. If you buy 500 shares of stock on margin at $81.40 per

Your broker's initial margin requirement is 55%, the maintenance margin requirement is 30%. If you buy 500 shares of stock on margin at $81.40 per share, how much margin must you contribute?
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Your broker's initial margin requirement is 55%, the maintenance margin requirement is 30%. If you buy 500 shares of stock on margin at $81.40 per share, how much margin must you contribute

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