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His broker has a 55 initial margin requirement and a 26

Miguel Torres purchases 100 shares of? Can'tWin.com for ?$52.03 per? share, using as little of his own money as he could. His broker has a 55% initial margin requirement and a 26% maintenance margin requirement. The price of the stock falls to $30.41 per share. What does Miguel need to? do?

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Finance Basics: His broker has a 55 initial margin requirement and a 26

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