Question: Calculating margin: you have just opened a margin account with $11,000 at your local brokerage firm. You instruct your broker to purchase 600 shares of

Calculating margin: you have just opened a margin account with $11,000 at your local brokerage firm. You instruct your broker to purchase 600 shares of Landon golf stock, which currently sells for $46 per share. What is your initial margin? Construct the equity account balance sheet for this position

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