Question: Initial margin requirement is 50%. A customer is buying 80 shares on margin at $50 per share. What is minimum cash required in account to

Initial margin requirement is 50%. A customer is buying 80 shares on margin at $50 per share. What is minimum cash required in account to complete transaction? Please solve step by step, Thank you

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Initial margin requirement is 50%. A customer is buying 80 shares on margin at $50 per share. What is minimum cash required in account to complete transaction? Please solve step by step, Thank you

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