You have $ $5$ comma $000$ in a $50\%$ margin account. You have been following a stock that you think you want to buy. The stock is priced at $ $53\mathrm{.}16.$ You decide that if the stock falls to $ $49\mathrm{.}75,$ you would like to buy it$.$ You place a limit order to buy $300$ shares at $ $49\mathrm{.}75.$ The stock falls to $ $49\mathrm{.}75.$ What$$ happens?

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Part $1$

When the stock falls to $ $49\mathrm{.}75,$ the total price for $300$ shares is $$$

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enter your response here. $($Round to the nearest$$ dollar.$)$