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To: HKBrittain who wrote (3522)	3/24/1998 1:14:00 AM
From: jtsaratoga	Read Replies (4) of 12617

Question on margin interest calculation Suppose margin interest rate is 8% and I have $10k cash balance. If I buy $20k in stock XYZ in the morning and sell it before close. What is the margin interest calculated generally? Is it 0 or (10000*8%)/365? Any help would be greatly appreciated. JT

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