Question: Please show steps on how to solve problem. You purchased an asset with margin. The margin amount is $1300 with a maintenance margin of $1100.

Please show steps on how to solve problem.

You purchased an asset with margin. The margin amount is $1300 with a maintenance margin of $1100. If your account value drops to $1050, how much will you be required to put in your account?

250

150

cannot answer the question without knowing the margin %

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