Assume you purchased 200 shares of KO common stock on margin at $70 per share from your broker. If the initial margin is 55%, how much did you borrow from the broker?
A) $6,000
B) $4,000
C) $7,700
D) $7,000
E) $6,300

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The Answer of Assume you purchased 200 shares of KO common stock on margin at $70 per share from your broker. If the initial margin is 55%, how much did you borrow from the broker?
A) $6,000
B) $4,000
C) $7,700
D) $7,000
E) $6,300

Assume You Purchased 200 Shares of KO Common Stock on Margin