Question: If the initial margin requirement is 40%, and the maintenance margin is 30%, an investor purchasing 100 shares of a stock selling at $100 must

If the initial margin requirement is 40%, and the maintenance margin is 30%, an investor purchasing 100 shares of a stock selling at $100 must put up what amount to buy the stock on margin?

Select one:

$6,000

$4,000

$7,000

$3,000

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