Neshoba Industries stock is selling for $33 a share.You would like to purchase as many shares of this stock as you can.Your margin account currently has available cash of $7,000 and the initial margin requirement is 65 percent.What is the maximum number of shares you can buy?
A) 193 shares
B) 287 shares
C) 300 shares
D) 326 shares
E) 408 shares
Correct Answer:
Verified
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