A stock sells for $19 per share. You have $4,800 to invest and would like to purchase the stock on margin. What is the maximum number of shares you can buy if the initial margin is 70 percent?
A) 181 shares
B) 243 shares
C) 327 shares
D) 360 shares
E) 297 shares
Correct Answer:
Verified
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A) borrowed from
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A) brokers.
B) investors.
C) stock exchanges.
D)
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Q68: Margin is equal to the:
A) amount borrowed
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