John just used $15,000 of cash plus a $6,000 margin loan to purchase $21,000 worth of Walmart (WMT) stock. This is the only transaction he has made in this account. What is his current account margin?
A) $3,000
B) $6,000
C) $9,000
D) $15,000
E) $21,000
Correct Answer:
Verified
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