Question: Initial margin is 50% and the maintenance margin is 25%. A customer is long 100 shares of a stock that is currently worth $41. A
Initial margin is 50% and the maintenance margin is 25%. A customer is long 100 shares of a stock that is currently worth $41. A customer's margin loan is $6,000. How much additional cash the customer has to post to satisfy maintenance margin requirement?
Round your answer to the nearest dollar. Assume that additional cash immediately credited towards customer's margin debt.
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