You have entered into a long position of 200 share in, Finance Basics

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You have entered into a long position of 200 share in

Question: You have entered into a long position of 200 share in Temple, Inc. at a price of $10 per share. The equity in the account at the time of the purchase was $1,000. If the maintenance level is 25% and the shares fall to a price of $6 per share, what would be the required margin call?

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