Question: You've just opened a margin account with $11,000 at your local brokerage fi rm. You instruct your broker to purchase 600 shares of Smolira Golf

You've just opened a margin account with $11,000 at your local brokerage fi rm. You instruct your to purchase 600 shares of Smolira Golf stock, which currently sells for $46 per share. What is your initial margin? Construct the equity account for this position.

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