You have $25,000 to invest and want to purchase stock on margin. If the stock currently sells for $110 per share, and the initial margin is 60 percent, how many shares can you purchase?
A) 378 shares
B) 346 shares
C) 294 shares
D) 227 shares
E) 362 shares

Question

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The Answer of You have $25,000 to invest and want to purchase stock on margin. If the stock currently sells for $110 per share, and the initial margin is 60 percent, how many shares can you purchase?
A) 378 shares
B) 346 shares
C) 294 shares
D) 227 shares
E) 362 shares

You Have $25,000 to Invest and Want to Purchase Stock