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To: Bill Harmond who wrote (101349)4/17/2000 11:03:00 AM
From: Sam Citron  Read Replies (1) | Respond to of 164684
 
William,

I wouldn't expect indirect margin debt to be much higher than direct margin debt, if at all, because of interest rate penalties.

But note that margin debt as % of market cap is extremely jumpy in a significant market correction because the numerator jumps just as the denominator declines!