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To: Jack who wrote (7535)3/25/1998 1:31:00 PM
From: Jon Tara  Respond to of 16892
 
Jack, there is no fee associated with a margin account, and no minimum amount that the 7% is applied to. If you use $1 of margin, you are charged interest on $1. You are not charged margin on positions that are not held over-night.