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You are an investor who bought 100 shares of a company at $35 per share with...

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Finance

You are an investor who bought 100 shares of a company at $35per share with a stock on margin of 60%. The stock is now tradingat $50 per share, and the initial margin require- ments has beenlowered to 50%. You now want to buy 300 more shares of the stock.What is the minimum amount of equity that you will have to put upin this transaction?

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