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Non-Tech : Datek Brokerage $9.95 a trade

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To: Rubber Man who wrote (8150)4/24/1998 2:07:00 PM
From: David Winkler  Read Replies (1) of 16892
 
not so fast, they pay 4% on cash balances and have to borrow the difference if they need more to fund the margin balances.

The best they do is 3% and probably less. Still that would be 12 million.
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