If the margin requirement is 40% then the buyer of a security must provide at least 60% of the funds necessary to cover the transaction, borrowing the remaining 40%.

Name: If the margin requirement is 40% then the buyer of a security must provide at least 60% of the funds necessary to cover the transaction, borrowing the remaining 40%.
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If the margin requirement is 40%, the buyer must provide at least 40% of the funds necessary to cover the transaction, borrowing the remaining 60%.

If the Margin Requirement Is 40% Then the Buyer of a Security